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Showing 981 - 990 of 5906 results for "March 31"

Raiz rolls out SMSF functionality

ELIZABETH MCARTHUR  |  THURSDAY, 15 JUL 2021
Self-managed superannuation fund trustees are the latest target market for financial services platform Raiz. Raiz Invest is now open to SMSFs. It charges a fee of 0.275% per annum for balances over $15,000 ($20,000 for the Custom Portfolio offer) which ...

Alternatives, equities dominate mandates

KANIKA SOOD  |  WEDNESDAY, 14 JUL 2021
Not-for-profit superannuation funds appointed 377 mandates in the 12 months ending March, with alternatives and Australian equities winning the lion's share. By number, alternatives mandates were the popular (46% of 377), followed by equities (29%) ...

Plato wins $3.9bn mandate

KANIKA SOOD  |  WEDNESDAY, 14 JUL 2021
In what may be the biggest Australian equities mandate from a super fund since 2010, a retail fund recently allocated $3.9 billion to Plato Investment Management. Colonial First State FirstChoice Lifestage made the allocation to the Sydney boutique ...

Mercer bolsters alternatives team

ANNABELLE DICKSON  |  WEDNESDAY, 14 JUL 2021
Mercer has appointed an alternatives investment director for the Pacific region after seeing increased client interest for alternative assets in the region. Marcus De Kock joins from Mercer UK where he was a senior investment strategist in the Institutional ...

Former Hillross adviser pleads guilty

ELIZABETH MCARTHUR  |  TUESDAY, 13 JUL 2021
Wael Kourieh, who was an authorised representative of Hillross between 2010 and 2016, has plead guilty to false document charges following an ASIC investigation. Kourieh pleaded guilty to one count of making false documents and one count of using false ...

Active managers lead new ETF issuers

ANNABELLE DICKSON  |  MONDAY, 12 JUL 2021
Actively managed exchange traded funds (ETFs) are on a steady rise, with all the new issuers entering the market launching active products, new data shows. The BetaShares Australian Exchange Traded Fund Industry: Half Year Review 2021 report showed ...

Dixon Advisory to pay $8.2m to settle ASIC action

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
ASIC will drop its September 4 Federal Court case against Evans & Dixon's financial advice arm for $8.2 million and declaration of 53 contraventions. Dixon Advisory and Superannuation Services (DASS) will pay $7.2 million in penalty and $1 million ...

Advice engagement jumps during COVID-19

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
A new study finds that the coronavirus pandemic has raised awareness about the importance of financial advice and prompted more Australians to engage with their adviser. A study by ASX-listed firm ClearView shows that demand for financial advice is ...

FASEA scraps three-month rule

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
The Financial Adviser Standards and Ethics Authority is introducing a relief that will allow financial advisers to sit the November examination regardless of their last sitting. FASEA is proposing to relax the three-month registration requirement in ...

Outflows at Magellan

KANIKA SOOD  |  THURSDAY, 8 JUL 2021
Magellan Financial Group reported $351 million in net outflows in the June quarter. This included $260 million in net retail outflows and $91 million in net institutional outflows. Magellan ended the June quarter with $113.9 billion in total FUM, up ...