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

Search Results

Showing 881 - 890 of 22741 results for "Funds"

Local custody assets hit record $5.6tn

JAMIE WILLIAMSON  |  FRIDAY, 22 AUG 2025
... non-Australian assets which were up 20% to $32.25 billion. The increase was a combination of organic growth in clients' funds under management and the addition of a new client in Allianz Australia. " These results underline the strength of HSBC's ...

ASIC freezes assets of First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 22 AUG 2025
... Private Equity (FMPE) and its sole director Gregory Raymond Cotton, with ASIC concerned more than $50 million of investor funds is at risk. ASIC is investigating FMPE and Cotton, alleging $53 million intended for investment may "have not been used for ...

APRA sets higher cybersecurity expectations for trustees

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
... wrote in its newly published 2025-26 Corporate Plan. At a media briefing yesterday, APRA chair John Lonsdale said that super funds are "making progress" on implementing MFA. "We've made our wish very clear as to what we'd like to see. I think ...

Chalmers confirms super performance test changes are coming

ELIZA BAVIN  |  FRIDAY, 22 AUG 2025
... about abolishing the performance test, and we are not talking about in any way interfering with the sole purpose of super funds, which is to deliver the maximum returns that they can for the members. I want to be perfectly clear about that," Chalmers ...

Canaccord Genuity buys Wilsons Advisory

JAMIE WILLIAMSON  |  THURSDAY, 21 AUG 2025
... Genuity said. The combined wealth operations will have $17 billion in fee-generating client assets and about $42 billion in funds under advice. Meantime, the merged capital markets division will provide comprehensive corporate financing and advisory ...

Insignia Financial back in the black

JAMIE WILLIAMSON  |  THURSDAY, 21 AUG 2025
... 5% on the prior corresponding period. Operating expenses were down 5.9% or $60 million. Over the year, Insignia's average funds under management and administration increased 7% to $323 billion. The biggest improvements were seen in the Advice unit, which ...

Netwealth reports record FY25 results

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... results for the financial year ending June 30, recording "exceptional growth" across all key metrics. Netwealth recorded funds under administration (FUA) of $112.8 billion, which was a 28.2% surge from FY24, while total income came in at $324.4 million ...

Equity Trustees FUM tops $254bn

ELIZA BAVIN  |  THURSDAY, 21 AUG 2025
Equity Trustees saw funds under administration and supervision (FUMAS) rise 28% to $254 billion in FY25. In addition, revenue rose 7% to $182.5 million, statutory net profit after tax rose 60.4% to $33.2 million, and underlying net profit before tax ...

VG1 replaces investment manager, books massive loss

KARREN VERGARA  |  THURSDAY, 21 AUG 2025
... the discount of more than 20% which existed in mid-2022 when VG1 Partners (VG1's investment manager) merged with Regal Funds Management," Jones said. "Furthermore, the total shareholder return over the three years since that merger is +45.3% pre-franking ...

Only half of advice practices report positive earnings: Investment Trends

MATTHEW WAI  |  WEDNESDAY, 20 AUG 2025
... "Thirty-one percent of practices now have more than five advisers, and these larger firms hold on average $15 million more in funds under advice per adviser compared to smaller practices," Spittle said "Despite their larger footprint, efficiency remains ...