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| | | ... million. It expects to make an after-tax profit of about $8 million from the transaction. Ord Minnett has $10.1 billion in funds under advice and 264 licensed financial advisers. The consortium, led by Ord Minnett, will also acquire J.P. Morgan's 30% ... |
| | | | ... younger and lower balance members," Verwey told Financial Standard. "Yet, Future Super seems to be one of the very few super funds who are responding by further reducing fees and costs. In fact, most big industry funds seem to be increasing their fees ... |
| | | | ... the asset manager's expansion in the local energy infrastructure sector. Formerly of Macquarie Capital and Hastings Funds Management, Nguyen brings more than 13 years' experience across funds management and the energy sector. Prior to joining ... |
| | | | Superannuation funds and fund managers wield significant influence over capital allocation decisions in companies they invest in, research from Monash Business School finds. About 275 Australian institutional investors, the majority of which work in ... |
| | | | MySuper could soon surpass self-managed super funds as the preferred retirement savings vehicle for Australians, a new Rainmaker report shows. Using the latest APRA data, Rainmaker's MySuper Report found the MySuper asset pool hit $713 billion at ... |
| | | | ... five years after that. As a part of the agreement, Mainstream will provide fund administration services for $71 billion in funds under administration at Magellan which has over $80 billion in total. This includes unit registry, investment administration ... |
| | | | ... managers under new partnerships. Melbourne-based Yarra Capital Management took over the management of its Aussie equities funds and CBRE Clarion took over the management of UBS Property Securities Fund. UBS AM's small caps team launched a new boutique ... |
| | | | ... was awarded Elston Asset Management. Australian equities small cap saw Macquarie Investment Management win, with Watershed Funds Management, Infinity Asset Management and Pearl Funds Management losing out to the $332 billion manager. However, Watershed ... |
| | | | ... $305,000 on average, which is nearly 20% higher than a retail fund member with $255,000. "Members across a wide range of funds have retirement savings that can support a more desirable lifestyle in retirement than has previously been achievable," Challenger ... |
| | | | ... $21 billion over the last five years, Rainmaker analysis reveals. Using APRA data of industry and retail superannuation funds and their respective life insurers, Rainmaker research found the gross five-year payout ratio for NFP funds was 51%, while retail ... |
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