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Showing 851 - 860 of 7966 results for "Total"

Sequoia chief reappointed, hunt for successor kicks off

ANDREW MCKEAN  |  WEDNESDAY, 24 JUL 2024
... Crole will retain his current salary for the next two years and is eligible for a short-term incentive capped at 30% of total remuneration, to be taken as shares in the company. As previously reported by Financial Standard, Sequoia received a notice ...

Perpetual net outflows top nearly $9bn

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
... equities and global strategies lost $1.4 billion and $0.5 billion respectively. J O Hambro Capital Management (JOHCM) had a total AUM of $37.3 billion, driven by net outflows of $2.2 billion. Perpetual Asset Management's AUM of $20.8 billion suffered ...

Advisers shun major institutions, 500 exit: Rainmaker

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
... number of advisers. Superannuation fund-linked advisers is the smallest institutional segment comprising just 3.6% of the total market, although they represent 11% of aligned advisers. Bank and insurer-owned AFSLs represent 26% of aligned financial advisers. ...

Generation Development Group corrals complete ownership of Lonsec

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... million increase in funds under management (FUM) over the last financial year. Generation Life received over $200 million in total inflows in the June quarter alone, setting an all-time sales record for both investment bonds and lifetime annuities during ...

ASIC hits Melbourne adviser with travel ban

ELIZA BAVIN  |  TUESDAY, 23 JUL 2024
... which King is a director. King has held an AFSL since 2007 and was previously licensed under Principal Financial Group and Total Financial Solutions.

Insignia Financial flags more remediation ahead

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... GST refunds on remediation payments, the company said. Insignia Financial lost 14 advisers in the June quarter, with its total adviser network now at 1086. This comprises 483 self-employed (licensed) advisers, 403 self-licensed advisers, and 200 employed ...

OnePath Custodians fined $11m for MySuper failures

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... who were not transferred to a MySuper product in a timely fashion. OnePath has already paid $1.46 million in fines for a total of 125 offences of the same nature. "APRA has been closely monitoring OPC which has continued to identify further members who ...

Rest awards private equity mandate to TowerBrook Capital

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... said. This commitment also inches Rest closer towards its goal of a 1% allocation to impact investments across the fund's total portfolio by 2026. Notably, it defines impact investments as those made in members' best financial interests, to provide a ...

Pacific Current sells European boutique

KARREN VERGARA  |  MONDAY, 22 JUL 2024
... bonds or equivalent bonds with associated registration rights that pay a coupon of 9.875%. The bonds are expected to have a total aggregate par value of US$49.7 million ($74.3m). PAC will also receive 1.37 million shares of Abacus common stock. The transaction ...

Regal splashes out on slice of Argyle Group

JAMIE WILLIAMSON  |  FRIDAY, 19 JUL 2024
... business. Regal is acquiring the interests previously held by stakeholders associated with the agriculture business, paying a total consideration of $12 million in cash. Following the divestment, Argyle is now Australia's largest pure-play water entitlements ...