Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 871 - 880 of 9814 results for "Advisers"

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... maintain and preserve electronic communications". This is according to the SEC, which charged 26 broker-dealers, investment advisers, and dually registered broker-dealers, and investment advisers. The SEC found "pervasive and longstanding use of unapproved ...

Fiducian posts strong result, share price jumps

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... were received during the year from the aligned dealer group. "Practice managers are focussing on helping our financial advisers lift their revenue, attract more clients, and build their businesses. Our focus will remain on generating inflows through ...

Local private debt funds' growth potential 'remains strong': Preqin

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... Europe, the APAC region is rapidly gaining recognition," Narayan said. Separately, Preqin has partnered with BT to offer advisers "comprehensive resources" to improve their understanding and expertise in private markets. BT noted that, local private ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
... Briggs said. "Performance testing for different types of superannuation products should be sensitive to the role financial advisers play in taking a total-portfolio approach to a consumer's financial affairs. "The FSC supports performance testing ...

New mandate boosts JANA's wealth division

MATTHEW WAI  |  WEDNESDAY, 14 AUG 2024
JANA Investment Advisers has been mandated by a Melbourne advice firm to provide managed account consulting services. JANA announced a new agreement with Investor Wealth, providing consultancy and support services related to managed accounts, including ...

How many advisers will Australia have in 2044?

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
The financial advice sector could see the number of registered advisers sink to 11,000 and as low as 5500 in 20 years' time, Rainmaker Information predicts. These are some of the scenarios forecasted in the Rainmaker Adviser report. A more optimistic ...

Acquisitions boost WT Financial Group results

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... Synchron for $8 million, creating one of the country's largest non-aligned dealer groups at the time with more than 600 advisers and $16 billion in FUA. In 2021, it acquired Sentry Group for $7 million. "We've seen compounding growth in underlying ...

Expand bolsters SMA menu

MATTHEW WAI  |  TUESDAY, 13 AUG 2024
... JBWere, Pendal, Perennial, and Zurich. Expand now houses 64 SMAs and provides both multi-asset and single-sector options. Advisers can also access over 500 managed funds, listed shares, and other investment options on Expand Extra. The expansion comes ...

Netwealth FUA nears $90bn

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... are institutional. Rainmaker data shows Netwealth owns a 5% market share of the platforms sector that services aligned advisers. For non-aligned advisers, it has a 6.5% market share. This is in similar stead to competitor HUB24, which reported FUA of ...

Vanguard, Betashares, iShares neck and neck in battle for inflows

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... de-listings as many active ETFs remain at unviable funds under management (FUM) from lack of flows. This also means the advisers and investors must consider the survivorship of strategies." Neiron concluded that 64 of the 119 active ETFs listed in Australia ...