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Showing 761 - 770 of 8410 results for "June"

State Street receives Shariah-compliant certificate

MATTHEW WAI  |  FRIDAY, 16 AUG 2024
... to the Australian Custodial Services Association, State Street is now the second-largest custodian in Australia. As at 30 June 2024, it had $834 billion total assets under custody on behalf of local investors - an increase of 10.9% in six months.

Magellan inks strategic partnership as results hint at turnaround

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... Releasing its earnings this morning, Magellan reported a 2% increase in net profit after tax, coming in at $177.9 million as at June 30. The Funds Management business saw profits before tax of $158.3 million, which was down 25%. As at June 30, Magellan's ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... promised 10% returns every three months," the SEC said. It's alleged the scheme was operational from 2020 to at least June of this year, luring investors from at least 48 US states. As of May 2024, the scheme was receiving investment applications ...

Wages grow 0.7% in June quarter

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
Australians' pay packets grew by 0.7% in the June quarter, the latest Australian Bureau of Statistics (ABS) shows, down 0.9% from the prior quarter. Annually, the rate of growth for wages in the private sector was 4.1%, down from three consecutive ...

Misconduct cases soar at CBA

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... other bodies in relation to the matters under investigation." CBA said it has spent around $236 million during the year ended June 30 in relation to its previously owned advice practices. "The group recognised an increase in the provision for aligned ...

Custody assets exceed $5tn milestone

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2024
... trillion for the first time, some key players have seen theirs take a dive. Tallying up the assets under custody in Australia to June 30, the Australian Custodial Services Association (ACSA) data shows assets grew by 5.4% in the first half of the year. ...

How many advisers will Australia have in 2044?

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... run out of advisers in 2037." Rainmaker calculated a total of 15,825 financial advisers registered with ASIC at the end of June, down 1.6% from the prior period. "The dramatic collapse in the number of registered financial advisers in Australia forces ...

Acquisitions boost WT Financial Group results

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... underlying business grew 15% to $185.1 million, while net profit before tax (NPBT) jumped 51.4% to $4.4 million in the year to June. Statutory NPBT is expected to be $4.8 million. "Significantly, in addition to enabling us to cash fund our $2 million ...

Netwealth FUA nears $90bn

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... inflows and market rally helped boost Netwealth's funds under advice (FUA), jumping 25.2% to $88 billion in the year to June. The growth comprised net inflows of $11.2 billion and market movement of $6.5 billion, buoyed by the 143,251 client accounts ...

EQT wins RE mandate from Woodbridge

KARREN VERGARA  |  MONDAY, 12 AUG 2024
... real estate loan with an ESG overlay. EQT was responsible for 450 funds with $110 billion of assets at the end of April. In June, APRA fined EQT for $782,500 for failing to meet its legal obligations to report data. APRA said EQT breached the requirements ...