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Showing 961 - 970 of 11003 results for "Account"

Choice products continue to overshadow MySuper: APRA

MATTHEW WAI  |  THURSDAY, 3 OCT 2024
... compares to the more than $1 trillion allocated over the 57 MySuper products in the corresponding period. The average account balance of those in a default option ($69,000) is almost half that compared to those in a choice accumulation product ($126,000). ...

AMP Advice expands network

MATTHEW WAI  |  THURSDAY, 3 OCT 2024
The advising-arm of AMP continues to expand its network after reporting revenue growth in 1H24. Its advice revenue and revenue per practice have increased 16% and 11.6% respectively on the last quarter, AMP said. In addition, AMP said Melbourne-based ...

Tribel Advisory adopts estate planning solution

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
Financial services firm Tribel Advisory will join forces with fintech Yodal to roll out estate planning services for its advisers and accountants. The estate planning tool stores Tribel information needed to create a comprehensive estate plan, alert ...

Australian Food Super picks TAL for group insurance

JAMIE WILLIAMSON  |  TUESDAY, 1 OCT 2024
... member accounts and $3.12 billion in funds under management. Only 54,600 of these accounts are active. The fund's median account balance is just $13,721; the average balance of active accounts is $49,060. Australian Food Super was contacted for comme ...

Carnegie's MHC Digital, Circle target local stablecoin push

ANDREW MCKEAN  |  TUESDAY, 1 OCT 2024
... large-scale cryptocurrency transactions. Stablecoins have a global market capitalisation of approximately US$164 billion and account for ​​40% of all value transacted on blockchain networks. Over time, multi-currency stablecoins are expected to provide ...

Fund manager splashes $240m on AZ NGA

KARREN VERGARA  |  TUESDAY, 1 OCT 2024
A global investment manager has injected $240 million in AZ Next Generation Advisory (AZ NGA) and will become its largest shareholder. Oaktree Capital Management will help AZ NGA further expand its reach as its growth and succession partner, taking ...

Praemium unveils Spectrum for HNWs

MATTHEW WAI  |  TUESDAY, 1 OCT 2024
... Integration of broker order pads and bank data feeds. Upgraded applications portal with automatic form generation. Digital account management, allowing advisers to use regulatory data such as Anti-Money Laundering (AML), Common Reporting Standard (CRS-FATCA) ...

GESB adopts Protecting Your Super reforms

JAMIE WILLIAMSON  |  MONDAY, 30 SEP 2024
... industry and the Protecting Your Super legislation, which was introduced in 2019 to help avoid unnecessary erosion of account balances. As of September 25, GESB can now cancel insurance in accounts that have not received a contribution for 16 months ...

ETFs preferred vehicles for Aussie, US advisers: Surveys

KARREN VERGARA  |  MONDAY, 30 SEP 2024
The low-cost features of exchange-traded funds (ETFs) continue to attract the glut of financial advisers both here and overseas as only a minority now shun the investment vehicles, new surveys find. The portion of advisers canvassed in VanEck's ...

eToro acquires Spaceship, sets sights on super sector

JAMIE WILLIAMSON  |  FRIDAY, 27 SEP 2024
The global trading and investment platform is tapping into the superannuation sector with the acquisition of Spaceship, in a deal worth as much as $80 million. eToro has agreed to acquire Spaceship, expanding its local business and suite of offerings. ...