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Showing 941 - 950 of 7033 results for "December"

Sequoia FG revises profit expectations

JAMIE WILLIAMSON  |  MONDAY, 23 JAN 2023
... licensee services business will have a strong 2H23. According to Rainmaker Information, Interprac has 273 advisers as at December end. Sequoia flagged that it is considering consolidating its licensees, reducing from four to three by the end of the year. ...

KKR halts REIT withdrawals

CASSANDRA BALDINI  |  FRIDAY, 20 JAN 2023
... requested. It added KREST received repurchase requests of US$128 million, or 8.1%, of the fund's aggregate NAV as of 31 December 2022. "Within KREST, we are balancing providing access to private real estate, which is an illiquid asset class, with ...

Perpetual reports $1.2bn loss amid merger

CASSANDRA BALDINI  |  FRIDAY, 20 JAN 2023
Perpetual reported it took a $1.2 billion hit in December ahead of its Pendal Group takeover, which is now due to be completed on Monday. Despite the loss, the investment manager said it "benefited from a rebound in equities markets" and ended the year ...

Netwealth reports FUA increase

CHLOE WALKER  |  THURSDAY, 19 JAN 2023
Netwealth's funds under administration (FUA) increased by $4.3 billion in the December quarter, bringing the total to $62.4 billion. Netwealth said its FUA increased a total of $5.8 billion in the 12 months to December, representing a growth of 10.2%. ...

From strength to strength: GQG Partners

ANDREW MCKEAN  |  WEDNESDAY, 18 JAN 2023
... performance of other Australian listed asset managers. However, GQG's US$8 billion net inflows for the full year ended 31 December 2022 are an incredibly strong result, he said. GQG's shares have seen a decline since its IPO, but the asset manager ...

HUB24 inflows slow amid challenging market dynamics

ANDREW MCKEAN  |  TUESDAY, 17 JAN 2023
... boutique advice practices and self-licensed advisers. Platform funds under administration (FUA) were $55.8 billion as at 31 December 2022, up by $5.8 billion from the previous corresponding period. Meanwhile, the ASX200 price index over the 12-month ...

Pensioner work bonus top of mind for advisers

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... bank was previously $7800 and has been temporarily increased to ease cost of living for seniors. Pensioners have up to December 25 (extended from the original June 2023 deadline) to use the additional $4000 in their bank account. "While the increase ...

Link Fund Solutions hit with further legal action

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
... another firm, Harcus Parker, had applications for a Group Litigation Order regarding their respective claims dismissed in December. Claimants represented by the firms were then told to serve any claims by January 18. About 20,000 claimants are represented ...

ASIC commissioner to join Vanguard

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
... Hughes is set to lead Vanguard Australia's legal and compliance function. Hughes was due to end his five-year term in December but will now finish up on February 3. "We are grateful for the contribution Sean has made to ASIC in his role as commissioner ...

Adviser who faked signatures sentenced in court

CHLOE WALKER  |  MONDAY, 16 JAN 2023
... clients by inserting client signatures and by adding dates to documents. He falsified documents between February 2010 and December 2018, while he was an authorised representative of GWM Adviser Services and Interprac Financial Planning. In sentencing ...