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Showing 731 - 740 of 4007 results for "Accounts"

Managed accounts dominated by SMAs

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
According to Rainmaker data, separately managed accounts' (SMA) footprint in the managed account sector has risen dramatically in two years. SMAs funds under advice (FUA) in the past two years increased 151%. Meanwhile, managed discretionary accounts ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... that's a good thing." AIST chief executive Eva Scheerlink was pleased to see that 8.1 million members (56% of all accounts) had saved $210 million in fees and costs since the 2021 Heatmap was published. However, fees are only part of the picture ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... all metrics measured. APRA looked at the three sustainability metrics in the 2021 MySuper and Choice heatmaps; member accounts, cash flows and rollovers. The regulator found administration and operating expenses for super funds with less than $10 billion ...

Centuria buys $70m tomato farm

CHLOE WALKER  |  FRIDAY, 16 DEC 2022
... property encompasses a 20-hectare glasshouse facility, which produces truss-loose, truss-prepack and baby plum tomatoes and accounts for approximately 14% of Australia's truss tomato market. Sundrop produces approximately 17,000 tonnes of tomatoes per ...

MySuper heatmap reveals sub-par products

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... MySuper products with "significantly poor" investment performance than in 2021. However, around 800,000 members' accounts remain in underperforming products. Regarding MySuper products with high total fees and costs, Qantas Superannuation Glidepath ...

Adviser imprisoned for super fraud

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
... adviser Rahul Goel has been sentenced to three years in prison for stealing over $35,000 from his clients' superannuation accounts. An ASIC investigation into Goel's misconduct found that between November 2018 and July 2019, the adviser obtained First ...

Market manipulator sentenced

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... Quantum shares. On 16 November 2015, the men conspired to push Quantum shares to a pre-determined price through two trading accounts which Cooper executed. Cooper was sentenced on December 9 at the Supreme Court of Western Australia, after pleading guilty ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
... already had on hand for the trustees. They also represented a range of sectors and held a collective 5.1 million member accounts and $361 billion in assets, as at 30 June 2021.

BT head joins Colonial First State

ANDREW MCKEAN  |  THURSDAY, 8 DEC 2022
... heart of an advice tech stack, bringing together the software that sits inside advisers' practices, with managed accounts at its core.

Magellan FUM back at $50bn

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
... outflows of $1.9 billion. Its retail FUM now sits at $20.6 billion while institutional is $29.6 billion. Global equities accounts for $24.6 billion, Australian equities for $8.8 billion, and infrastructure equities for $16.8 billion. Following the announcement ...