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Showing 81 - 90 of 2072 results for "Rainmaker"

Medium-sized advice firms flourish: Research

KARREN VERGARA  |  THURSDAY, 24 OCT 2024
Financial advice firms with 51 to 100 advisers are the fastest-growing cohort in the past year, new Rainmaker Information research shows. This group saw adviser numbers increase in aggregate by 8% in the 12 months to September. Conversely, groups with ...

Mandate appointments sink to new lows

ANDREW MCKEAN  |  THURSDAY, 17 OCT 2024
... awarded by not-for-profit (NFP) super funds and investment managers has spiralled into freefall, according to the latest Rainmaker Information research. NFP super funds and investment managers made 76 mandate appointments in the year to June 2024, 51% ...

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
... including a performance fee charged by some. In 2021, Australians paid over $32 billion in fees to super funds, according to Rainmaker Information. "Regulatory guidance exists for disclosure documents or a fund's MySuper dashboard, but when it comes ...

Australian investment market moves onward and upward

ANDREW MCKEAN  |  THURSDAY, 10 OCT 2024
... continued its upward climb, reaching $3.4 trillion by the end of June, recording annual growth of 8.8%, according to Rainmaker Information. Consolidated assets, which represent headline funds under management (FUM) minus funds managed on a sub-advisory ...

VFMC fills new head of asset classes role

ANDREW MCKEAN  |  FRIDAY, 4 OCT 2024
... partner at Sayers Group, an advisory and investment firm, has been on VFMC's board for several years. According to Rainmaker Information, VFMC ranks 6 th among Australian-owned investment managers by total local sourced funds under management. It ...

MLC Super to slash admin fees for members

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... from October 1, with total investment fees and costs on the MySuper option to drop from 0.91% to 0.81%. According to Rainmaker Information, the average total investment fees for a retail MySuper product was 0.60% as at June 2023.

Managers struggle to secure positive net flows in FY24

ANDREW MCKEAN  |  THURSDAY, 12 SEP 2024
A minority of investment managers have had positive net flows over the past year, according to Rainmaker Information. Of the 158 investment managers tracked in the research house's managed funds database, only 62 saw net inflows, while 96 experienced ...

Passive funds save $14.4bn in fees: Research

KARREN VERGARA  |  MONDAY, 9 SEP 2024
... being invested in low-cost index funds and the disadvantages of investing into high-cost fund alternatives," he said. Rainmaker Information found that the asset-weighted fees of Vanguard, Betashares, BlackRock, VanEck, and Global X fell between 2% and ...

Australian Ethical locks in new custodian

ANDREW MCKEAN  |  TUESDAY, 3 SEP 2024
... over the three years to 30 June 2024. Meanwhile, over the past 10 years, it's returned 6.8% per annum, according to Rainmaker Information. These returns lag the median for comparable options, which were 4.6% and 7.2%, respectively, over the same peri ...

End of the road for three Franklin Templeton funds

KARREN VERGARA  |  TUESDAY, 3 SEP 2024
... the proceeds to investors." The Diversified Income Fund had $13.8 million in assets at the end of July, according to Rainmaker Information. It aimed to earn an after-fee return in excess of its benchmarks that included the S&P/ASX 200 Accumulation Index ...