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Showing 751 - 760 of 1227 results for "FUM"

IOOF and SFGA union rattles top ranks

LAURA MILLAN  |  MONDAY, 2 JUN 2014
... salaried advisers, rather than aligned advisers and that positively changes the value of the business because it contributes to FUM and to future flows." Retaining advisers after the proposed merger will be the key to the operation's success. Morgan ...

APRA announces draft 2014-15 supervisory levies

ALEX DUNNIN  |  TUESDAY, 27 MAY 2014
... fund would pay up to $5.3 million. According to the discussion paper, these super fundA levies are more than twice the 'per FUM' rate of levies imposed on life insurance companies reflecting the more complex compliance on superannuation compared to traditional ...

BT Financial Group posts 21% profit rise

MARK SMITH  |  MONDAY, 5 MAY 2014
... supporting independent financial advisers (IFAs) to deliver on their clients' objectives." The group's funds under management (FUM) were up 25% in the period and funds under advice (FUA) were up 12%. The number of retail customers in its flagship Super ...

netwealth to launch managed account service by Q3

LAURA MILLAN  |  THURSDAY, 1 MAY 2014
... managed accounts assets to become a significant part in the netwealth business." With $5.2 billion in funds under management (FUM), netwealth has become an even bigger player in the market with plans to hit $10 billion FUM in three years through its ...

ANZ wealth division profits up 11%

MARK SMITH  |  THURSDAY, 1 MAY 2014
... income up 8% and expenses up 7%. The bank said underlying performance was strong, driven by growth in funds under management (FUM) and inforce insurance premiums, as well as an improved claims and lapse experience, with retail lapse rates in Australia ...

BetaShares passes $1bn milestone

MARK SMITH  |  THURSDAY, 1 MAY 2014
ETF provider BetaShares has surpassed $1 billion in funds under management (FUM), three and a half years after launching its first products in the Australian market. Reaching the milestone cements the firm as Australia's fourth largest ETF manager by ...

BTIM posts strong half year numbers

MARK SMITH  |  WEDNESDAY, 30 APR 2014
... operating leverage coming through our business. Strong inflows offshore and a better mix of assets, along with higher average FUM and exceptional performance fees, have contributed to overall margin expansion across the business," Gonzalez said. "We ...

Challenger sees sustained interest in lifetime annuities

JAMES FERNYHOUGH  |  WEDNESDAY, 16 APR 2014
... saw funds under management hit $45.7 billion, up 2% for the quarter, and 21% from the corresponding PCP. Fidante Partners FUM now stands at $34.7 billion, an increase of 3% for the quarter. However, Challenger Investment Partners FUM saw a 3% drop for ...

SEC reopens target date funds disclosure review

ALEX DUNNIN  |  WEDNESDAY, 9 APR 2014
... they nonetheless represent a larger proportion in key segments. For example, the IAC noted that during 2012 target date fund FUM increased 29% and that about 70% of US companies with retirement schemes report offering target date funds as their default ...

US retirement assets reach US$23tr

ALEX DUNNIN  |  WEDNESDAY, 2 APR 2014
... employer DC market includes the US$4.2 trillion held in 401(k) plans of which mutual funds made up US$3.5 trillion or 60% of the FUM. Meanwhile, 45% of IRAs were invested into mutual funds. Target date or life stage investment funds made up just US$618 ...