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Showing 921 - 930 of 6996 results for "platform"

abrdn bleeds $6bn, share price plummets

JAMIE WILLIAMSON  |  FRIDAY, 25 OCT 2024
... expected, coming in at $4.69 billion (£2.4bn). Some of the losses were offset by decent performance by its DIY investing platform, Interactive Investor - which also accounted for much of the growth seen in AUMA, alongside positive market moves. Meanwhile ...

Institutional outflows ensure mixed quarter for Insignia Financial

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
... million were again offset by pension payments of $630 million. It also had $128 million in one-off outflows from the Expand platform which it said was related to client transitions following corporate activity. It anticipates a further $1.4 billion in ...

Medium-sized advice firms flourish: Research

KARREN VERGARA  |  THURSDAY, 24 OCT 2024
Financial advice firms with 51 to 100 advisers are the fastest-growing cohort in the past year, new Rainmaker Information research shows. This group saw adviser numbers increase in aggregate by 8% in the 12 months to September. Conversely, groups with ...

HMC Capital makes $2bn acquisition

ELIZA BAVIN  |  THURSDAY, 24 OCT 2024
HMC Capital has announced it will establish a global digital infrastructure platform comprising the global DigiCo Infrastructure REIT, intended to be listed on the ASX alongside a new unlisted institutional fund. HMC will acquire Global Switch Australia ...

Australian Ethical awards front office mandate

ANDREW MCKEAN  |  WEDNESDAY, 23 OCT 2024
... attribution, its investment book of record, and transaction management. It will also leverage the State Street Alpha Data Platform and Services to manage investment data. Australian Ethical chief financial officer Mark Simmons said the implementation ...

Dinimus appoints new head of distribution

ANDREW MCKEAN  |  TUESDAY, 22 OCT 2024
Private credit fund manager Dinimus has filled its newly created head of distribution role. The firm, which is focused on corporate lending in Australia and New Zealand, has hired Nigel Credlin, who most recently served as a partner and wealth advisory ...

IAM announces new product, appointment

ELIZA BAVIN  |  MONDAY, 21 OCT 2024
... Lambert said. "Large scale ABS and RMBS funds typically charge investors ongoing fees of 0.50% to 0.90% a year, plus platform fees and bid-ask spread upon entry and exit, so our pricing will be more attractive. We expect that our competitive pricing ...

Australian Ethical FUM nears $13bn

MATTHEW WAI  |  FRIDAY, 18 OCT 2024
... State Street is on track to be completed by November 1, and the transition to the GROW Inc superannuation administration platform from Mercer is set to complete in November, with the second tranche of members transitioning from Link to GROW Inc by the ...

AMP's MyNorth sees inflows rise 76%

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... addition, MyNorth inflows from independent financial advisers were up 47% for the quarter to $832 million. This has brought platform assets under management (AUM) to $78.1 billion, up from $74.7 billion in Q2. AMP's superannuation and investments business ...

Expand bolsters SMA offerings amid $10bn milestone

MATTHEW WAI  |  WEDNESDAY, 16 OCT 2024
Expand, Insignia Financial's wrap platform, has added 11 new separately managed accounts (SMA) from Betashares and Drummond Capital Partners to its investment menu. The announcement coincides with the platform hitting $10 billion in funds under management ...