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Showing 961 - 970 of 7967 results for "Total"

Top 10% of households home to 15 times more wealth

JAMIE WILLIAMSON  |  FRIDAY, 19 APR 2024
... average wealth of the lowest 60% rose just 39%, increasing from $68,000 to $80,000. The average household has $1.2 million in total wealth, 41% of which is in owner-occupied housing. 13% is in investment properties, 20% in superannuation, and 19% in ...

Perennial launches new investment fund

ELIZA BAVIN  |  FRIDAY, 19 APR 2024
... support. PPP+ is the sixth private fund managed by Perennial. The Perennial Private Investments team currently manages a total of $700 million across these funds. Perennial head of private investments Brendan Lyons said the current investment backdrop ...

Spaceship Super to land somewhere new

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2024
... 0.570%. Meanwhile, their investment fees and costs are currently 0.157% and will become 0.237%. Overall, they'll see a total reduction of 0.043%. Meantime, for the Global Index investment option members, they'll go from paying admin fees and ...

Adviser numbers plateau

KARREN VERGARA  |  THURSDAY, 18 APR 2024
... major mergers and acquisitions included Insignia Financial selling Millennium3 to ASX-listed WT Financial Group (WTL) with a total of 75 practices transitioning. Count finalised its takeover of Diverger last month.

AMP North adviser inflows rise 22%

ANDREW MCKEAN  |  THURSDAY, 18 APR 2024
... North reached $14.9 billion in AUM, continuing the strong growth trajectory since its launch in 2018." Meanwhile, AMP Bank's total book was down over the quarter to $23.5 billion from $24.4 billion the previous quarter which the firm said was in line ...

Praemium loses $700m due to adviser transitions

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
... that the rate of outflow will continue at a similar rate for at least a further six months." Over the past three quarters, total outflows have exceeded $700 million, Wamsteker said. "Whilst unfortunate, over the long term Praemium and Powerwrap clients ...

UniSuper selects new group insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 17 APR 2024
... enhanced offering, the fund said. UniSuper said its default insurance offering has been improved to provide greater death and total and permanent disablement (TPD) cover at the life stages members most likely need it and less cover when they're younger ...

MLC Private Equity launches insto fund

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
... million ($203m) of new capital is due to be allocated. StepStone, a NASDAQ-listed private markets firm with US$659 billion of total capital, was the major investor seeding the fund. New York-based MLC Asset Management US LLC is the investment manager ...

Income inequality elevated, spikes: Oxfam

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... Oxfam said hits the warning level set by the United Nations. On a scale from zero to one, a Gini coefficient of one denotes total inequality. Australia's Gini coefficient in 2019-20 was 0.318, which was close to the average of wealthy nations of 0.315 ...

HUB24 hits $100bn milestone

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... retirees, recorded an FUA of $75 million. "The incremental platform revenue margin on market movements can be lower than the total Platform revenue margin due to the tiered pricing of administration fees and the impact markets can have on the percentage ...