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Showing 81 - 90 of 5614 results for "MER"

Former Schroders executive enters VC space

ELIZABETH FRY  |  FRIDAY, 1 DEC 2023
Industry veteran Graeme Mather has joined Antler, the early-stage venture capital investor, as a global partner. In his new role, he will help the venture capitalist deepen ties with large asset managers in the Asia Pacific and look at boosting super ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
The Federal Court has imposed a $5 million penalty on OnePath Custodians for unlawfully deducting adviser service fees from members. According to court documents, the trustee made misleading representations about its right to continue charging fees ...

Small-cap shares set to soar: Flinders

CHLOE WALKER  |  FRIDAY, 24 NOV 2023
While fears of a recession and market correction, and runaway inflation have caused small-cap stocks to underperform over the past couple of years, the opportunity for growth has never been greater, according to Flinders Investment Partners (Flinders) ...

Frontier restructures, promotes

ELIZABETH FRY  |  FRIDAY, 24 NOV 2023
Frontier Advisors has redesigned its research structure and promoted internal talent into a number of new roles including a new deputy research director. Responding to a shift in focus by its institutional investor client base, the asset consultant ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
Mercer Financial Advice will pay $12 million after the Federal Court found it failed to meet some disclosure obligations and charged almost $5 million in fees to clients when it was not entitled to do so. Mercer admitted that, between July 2016 and ...

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
Praemium's stock tumbled following a projected revenue margin decline and higher operating costs announced at yesterday's 2023 annual general meeting. The wealth platform updated its financial outlook indicating that its average revenue margin ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
The Securities and Exchange Commission (SEC) has charged Kraken Crypto Exchange for operating its trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. According to the SEC, Kraken has made hundreds of millions ...

Inaugural FAAA award winners named

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
The Financial Advice Association Australia (FAAA) revealed the recipients of its 2023 awards, including Adviser of the Year and Certified Financial Planner Professional of the Year. Celebrating its first awards gala dinner as a merged entity in Adelaide ...

Super Members Council names chief executive

ANDREW MCKEAN  |  TUESDAY, 21 NOV 2023
The Super Members Council of Australia (SMC), the new advocacy body representing profit-to-member super funds, has appointed Misha Schubert as its inaugural chief executive. Schubert will move to SMC following a tenure as chief executive at Science ...

Robo-adviser reaches US$50bn milestone

KARREN VERGARA  |  MONDAY, 20 NOV 2023
While the local robo-advice industry flounders, Wealthfront has hit a record high of more than US$50 billion ($77bn) in assets under management, catering to 700,000 investors. The US robo-adviser boasted that as it continues to diversify offerings ...