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Showing 7651 - 7660 of 19594 results for "RIS"

BTIM delivers record profit despite fee pressure

ALEX BURKE  |  WEDNESDAY, 8 NOV 2017
BT Investment Management boosted its cash net profit after tax by 11% to $173.1 million, despite a 51% dip in performance fee earnings. The profit was mostly driven by strong net inflows of $4.7 billion; the boost in funds under management - up 14% ...

Managed accounts sector knuckles down on data standards

JAMIE WILLIAMSON  |  WEDNESDAY, 8 NOV 2017
Some of the biggest names in investment, technology and financial advice will work together to develop efficient standards for the exchange of managed account data. An industry working group led by the Institute of Managed Account Professionals has ...

Suncorp ditches plans for Tower acquisition

JAMIE WILLIAMSON  |  TUESDAY, 7 NOV 2017
Suncorp subsidiary Vero Insurance has abandoned its efforts to acquire Tower Limited, halting its High Court appeal against the New Zealand Commerce Commission's decision to veto the move. In a statement to the ASX this morning, Vero announced it received ...

Property investing key to outlasting super

KARREN VERGARA  |  TUESDAY, 7 NOV 2017
Pre-retirees can retire comfortably on passive income if they start investing in the property market now, according to property consultancy firm WealthMart. As much $80,000 per annum can be earned from a portfolio of properties that generate positive ...

Fintech firm launches $7.5m IPO

ALEX BURKE  |  TUESDAY, 7 NOV 2017
A fintech business offering a commission-free flat-fee ASX brokerage service has opened its initial public offering, aiming to raise up to $7.5 million. SelfWealth (ASX:SWF) will issue 37.5 million shares at 20c per share and anticipates market capitalisation ...

Younger generations gaining super ground

JAMIE WILLIAMSON  |  TUESDAY, 7 NOV 2017
Millennials' share of Australia's superannuation pool has more than doubled over the last decade, according to Roy Morgan. The latest findings from the researcher's Single Source Survey (Australia) shows gains in superannuation market share were made ...

Mason Stevens expands fixed income, appoints SMA manager

MICHELLE BALTAZAR  |  TUESDAY, 7 NOV 2017
Managed accounts provider Mason Stevens has appointed a fixed income specialist and an SMA manager as part of its growth plans. Roman Gerber joined two months ago as the Separately Managed Account Manager, overseeing all SMA portfolios and working as ...

CommInsure awards $300m risk premia mandate

ALEX BURKE  |  TUESDAY, 7 NOV 2017
CommInsure has awarded a $300 million mandate to a global asset manager. The funds were invested in GAM's Systematic Alternative Risk Premia product. GAM, headquartered in Zurich, operates in 13 countries and provides investment solutions for institutions ...

Oil's gift to central bankers

BENJAMIN ONG  |  TUESDAY, 7 NOV 2017
Only one word comes to mind when the Kingdom of Saudi Arabia is mentioned, and that is oil - for it has plenty of it. According to Investopedia, "The Kingdom of Saudi Arabia is often cited as the world's largest oil producer. The country produces 13.24% ...

Westpac Group results solid despite challenges

JAMIE WILLIAMSON  |  MONDAY, 6 NOV 2017
Westpac Group chief executive Brian Hartzer welcomed a solid full-year result for the group, driven in part by the $4 billion added to BT Financial Group's Panorama platform. Westpac reported a statutory net profit of $7.9 billion - up 7% year on year ...