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Showing 81 - 90 of 326 results for "FUA"

Netwealth cash margin could squeeze

KANIKA SOOD  |  FRIDAY, 19 FEB 2021
... investors became more comfortable in moving back into the markets. At September end, they represented over 9% of Netwealth's total FUA. The platform provider yesterday reported strong growth in revenue and NPAT. Its inflows were strong as well and well-diversified ...

Mainstream to pay $5.1m settlement

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
... which includes Australia, Singapore and Hong Kong, contributed 74% to total revenue. The Australian custody division's FUA grew 67% to $16.4 billion. The Americas (US and Cayman Islands) accounted for 20% of revenue, while Europe (Ireland, the Isle ...

Netwealth boosts profit, FUA

ANNABELLE DICKSON  |  WEDNESDAY, 17 FEB 2021
... year to reach between $8.5 billion and $9 billion. In addition, Netwealth noted its new pricing is fully implanted and an FUA administration fee is not expected to increase in the second half of the year. The platform recently announced that its longstanding ...

Fiducian profit, growth jump

ANNABELLE DICKSON  |  MONDAY, 15 FEB 2021
... half-year to $3.4 billion due to positive net inflows and the recovery in markets. Fiducian chair Indy Singh said the increase in FUA can be attributed to the strong relationship between planners and their clients. "In addition, substantial marketing ...

Praemium profit, growth up

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
... following the acquisition of Powerwrap. In its half-year results, Praemium reported a 69% jump in funds under administration (FUA) to $34.3 billion with its Australian platform FUA reaching a 132% increase to $16.4 billion and the international platform ...

Rest GM to head BT platforms

ELIZABETH MCARTHUR  |  THURSDAY, 4 FEB 2021
... said. "This is a key role in helping to lead BT's transformation agenda as we migrate clients from BT Wrap (over $55bn FUA) to one of Australia's contemporary and fastest-growing platforms BT Panorama (over $36bn FUA)." The first tranche of migrations ...

IOOF buffeted by advice restructure

ELIZA BAVIN  |  THURSDAY, 28 JAN 2021
... acquisition before 30 June 2021." So far, Mota said Advice 2.0 has seen practices with $363 million in funds under advice (FUA) become self-licensed while still using IOOF Group services, and 22 advisers with $869 million in FUA transition to other l ...

Perpetual reports $2.7bn in net outflows

KANIKA SOOD  |  FRIDAY, 22 JAN 2021
... Perpetual Private's funds under advice grew by 6% to $15.5 billion, including $200 million in inflows. Perpetual Corporate Trust's FUA grew 1% to $936.2 billion. PPT said it now has 70 distribution professionals in key regions and has made recent appointments ...

Quoted funds going strong at Mainstream

KANIKA SOOD  |  MONDAY, 18 JAN 2021
... billion in total funds under advice, 362 clients and 1202 funds. Mainstream attributed the $14 billion or 6.6% increase in FUA from the September quarter to improvement in market conditions ($6 billion) and net inflows of $7.9 billion, including wins ...

Praemium sees benefits of scale

ELIZA BAVIN  |  WEDNESDAY, 13 JAN 2021
... showcasing the benefit of increased scale. The platform saw a 69% increase year-on-year in global funds under administration (FUA), lifting the business to over $34 billion in FUA. "For the Australian business, the scale benefits from the acquisition ...