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Showing 901 - 910 of 4938 results for "fees"

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... Choice has made recommendations related to adviser remuneration, including banning life insurance commissions and asset-based fees. Choice claims that life insurance commissions "create a perverse incentive for advisers to sell life insurance to people ...

ORAH Funds reaches milestone

CHLOE WALKER  |  FRIDAY, 8 JUL 2022
... Management, L1 Capital, Macquarie Gorup, Wentworth Williamson Management and Yarra Capital. All management and performance fees made by the fund are donated to Jewish charities. Community Health Services, Maccabi NSW, Courage to Care NSW, and Jewish ...

Magellan FUM drops again

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
... Magellan said its funds will pay about $0.4 billion in July. Meanwhile, the group said it is entitled to estimated performance fees of $11 million for the financial year just gone. This latest drop in FUM follows long serving distribution lead Frank ...

First app for FirstWrap

JAMIE WILLIAMSON  |  THURSDAY, 7 JUL 2022
... total portfolio balances of any investments held on the FirstWrap platform as well as summaries of contributions, debits, fees, and the like. Members can also access details of where the money is invested and the current value of the investments. A member's ...

Maple-Brown Abbott launches Australian small companies fund

CASSANDRA BALDINI  |  THURSDAY, 7 JUL 2022
... diversification and stock specific risk management. It aims to outperform the S&P/ASX Small Ordinaries (Total Return) Index, after fees, over a five-year period. Maple-Brown Abbott chief executive and managing director Sophia Rahmani says the fund is ...

ASIC takes Lanterne Fund Services to court

ANDREW MCKEAN  |  THURSDAY, 7 JUL 2022
... representatives operating under its licence being responsible for over $1 billion in funds and collectively paying monthly fees of around $180,000 to Lanterne during this period, it appears to ASIC that Lanterne operated a wholly deficient business ...

Chorus of self-interest in financial advice: SCA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 JUL 2022
... to know if they should use their super to pay off their remaining loan or keep it invested," he wrote. "Super funds charge fees based on a percentage of your savings, so they stand to make more if you keep your money in super and don't use it to ...

Talent shortage impacts demand for regional advice practices

JAMIE WILLIAMSON  |  MONDAY, 4 JUL 2022
... buyers, prices for regional practices have, by and large, fallen. The exception to this rule is where clients pay higher fees, Radar Results said. For investment and super client books, the recurring revenue multiple now ranges from 0.80x to 2.8x, depending ...

Social impact fund to target essential workers

JAMIE WILLIAMSON  |  MONDAY, 4 JUL 2022
... worker is named as the owner on the Title and is free to decide when to buy and when to sell. They pay no administration fees or charges to the HOPE Fund and can pay down HOPE's equity share at any time. Upon selling, any capital gains will be split ...

ASIC takes Mercer Financial Advice to court

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... 2016 and June 2019 Mercer Financial Advice made false or misleading representations on more than 5500 occasions about the fees customers were charged and services that were not provided. ASIC said Mercer failed to provide review meetings to customers ...