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Showing 1 - 10 of 432 results for "Discover"

HUB24 hits $100bn milestone

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... Administration and Reporting Services' (PARS) FUA of $20.3 billion grew 16% over the year. The recently launched HUB24 Discover, which targets advised clients with smaller amounts of investible assets and later stage retirees, recorded an FUA of ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
Lanterne Fund Services was issued a $1.25 million penalty by the Federal Court for failing to comply with basic obligations, including operating with almost no compliance staff or risk management processes. In July 2022, ASIC issued civil penalty proceedings ...

Threats outside the Australian financial system build: RBA

ANDREW MCKEAN  |  TUESDAY, 26 MAR 2024
The Reserve Bank of Australia's (RBA's) latest Financial Stability Assessment has said that although risks to global economy have been balanced as inflation has eased, risks to financial stability remain. The Assessment said there is a possibility ...

Platforms ramp up innovation, back-end efficiencies

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... up multiple accounts also helps reduce administrative burden, such as effort in generating reports," he said. HUB24's Discover and CFS's Edge Accelerate are examples of next-generation propositions with cheaper SMA-based menus. These offerings, he said ...

Colonial First State launches new offering to advisers

CHLOE WALKER  |  MONDAY, 12 FEB 2024
... productivity," he said. In partnership with CFS 10X, Elixir Consulting recently conducted a national research study to discover what's working well and what's holding some firms back from reaching their true potential. The research focused on back-office ...

EQT winds up Mirae Asia equity fund

CHLOE WALKER  |  FRIDAY, 9 FEB 2024
Equity Trustees (EQT) is set to close the Mirae Asset Asia Great Consumer Equity Fund, with final termination expected on or around April 5. As the fund's responsible entity, EQT said the decision to close the Asia Great Consumer Equity Fund was ...

Unlicensed crypto investor faces jail time

CHLOE WALKER  |  TUESDAY, 6 FEB 2024
A Queensland man has been charged with nine offences and is facing imprisonment for running a financial services business without a licence. The charges were filed after an investigation by ASIC, which discovered that Aryn Hala had made promises to ...

REITs primed for investor cash amid uncertainty

CHLOE WALKER  |  FRIDAY, 2 FEB 2024
After lagging equities the past two years, real estate investment trusts (REITs) are an attractive investment opportunity in 2024, according to Principal Asset Management. In a recent outlook report for listed REITs, Principal Asset Management chief ...

Perennial Partners names institutional sales director

ELIZABETH FRY  |  TUESDAY, 30 JAN 2024
Perennial Partners has appointed Abdul Elhage as an institutional sales director, hiring from BNP Paribas Asset Management where he had a similar role. Elhage has worked in the financial services industry for more than 20 years. Before joining Perennial ...

HUB24 sets sights on $100bn FUA

KARREN VERGARA  |  TUESDAY, 16 JAN 2024
... sealed during the period with new Insignia advisers making up over half of the quarterly increase. The platform released Discover last November to target advised clients with lower balances and collaborated with Allianz Retire+ to launch longevity product ...
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