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Showing 781 - 790 of 6259 results for "Cash"

Advice firm revenues jump 45%

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
Despite employing fewer staff and a reduction in client numbers, financial advice firms saw revenues shoot up by nearly 50% from two years ago. A survey of 122 advice practices conducted by Business Health and Iress found average revenue jumped from ...

Sequoia expands professional services arm

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... target completion date of the transaction is the end of July. The purchase consideration of up to $3.15 million is payable in cash and shares over a period of two years post completion. The final tranche is subject to a performance hurdle payable in ...

Federated Hermes secures $486m for private equity fund

ANDREW MCKEAN  |  WEDNESDAY, 12 JUL 2023
... Switzerland and Korea," he said. "With the closure of PEC V, we are excited for the next step of seeking to deliver significant cash returns to our investors through investing in growth-oriented, disruptive companies." PEC V leveraged an alpha-orientated ...

Equity managed funds in record outflows: Calastone

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
... abandoned unlisted managed equity funds in record amounts in the June quarter, data from Calastone reveals, as they look to cash and fixed interest for security. Some $2.8 billion is the largest outflow Calastone has recorded in the last five years in ...

Alium Capital enters wholesale market

CHLOE WALKER  |  THURSDAY, 6 JUL 2023
... has exposure to some quality companies, with around half our 30 private holdings profitable, and none are burning a lot of cash, he added. In January, Alium appointed Matthew Newham as its head of distribution. Prior to Alium, Newham served as head of ...

RBA pause short but sweet: Mousina

CASSANDRA BALDINI  |  WEDNESDAY, 5 JUL 2023
The Reserve Bank of Australia's (RBA) decision to hold the cash rate at 4.1% is a relief, but likely only a temporary one. AMP Australia deputy chief economist Diana Mousina told Financial Standard the RBA decided to hold and observe the impacts ...

MySuper products bounce back: Data

JAMIE WILLIAMSON  |  WEDNESDAY, 5 JUL 2023
... international and domestic equities. Another 37% is in asset classes that saw positive returns, like Australian fixed income and cash. The 9% average return prediction is supported by those funds that have already publicised their annual result. AustralianSuper's ...

Cbus delivers strong returns, grapples property headwinds

ANDREW MCKEAN  |  FRIDAY, 30 JUN 2023
... and softness, it's often the best time to be taking advantage of opportunities." Currently, Cbus has elevated levels of cash due to its defensive stance across its portfolio, readying to seize new prospects as they emerge. Though, the fund has its ...

Netwealth relaunches Wealth Accelerator

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2023
... platform features, so advice firms will continue to be able to access a rich suite of online features, such as sophisticated cash management tools, managed accounts technology and automated rebalancing and Record of Advice functionality," Netwealth added. ...

Super funds embrace offshore investment, internal teams

ANDREW MCKEAN  |  WEDNESDAY, 28 JUN 2023
... markets offer better exposure to sectors like healthcare and technology. "As you get bigger, and because of the positive cash flows, funds are growing faster than the investment opportunities in Australia. Investing offshore also allows the fund to access ...