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|... during an economic slowdown, ensuring we end another strong financial year on a high note," Raiz chief executive George Lucas said. "The relatively modest increase in superannuation FUM during the month was achieved despite more than $1 million in withdrawals ...|
|... the ERS kicked off, with the platform expecting further withdrawals in July. However, Raiz Invest chief executive George Lucas maintains the investment platform is liquid and ready to weather further withdrawals thanks to its investments in ETFs. In ...|
|... across the firm's range of investment portfolios. Speaking to Financial Standard , Raiz Invest managing director George Lucas said the impact to investors would depend on which portfolio they were invested in, according to the differing weight of both ...|
|... down 16% over the past three months. Over the past year, total FUM has increased by 25.4%. Raiz chief executive George Lucas said the government's superannuation scheme softened a lift in FUM. "The rate of net churn in customer numbers stabilised in ...|
|... investment expenses related to its expansion in Southeast Asia. Raiz Invest managing director and chief executive George Lucas said the figures demonstrate the resilience of the business. "Despite the unprecedented disruption caused by COVID-19 and the ...|
|... quarter. "For this outcome we can only offer you our sincere thanks," Raiz managing director and chief executive George Lucas said. "The team and I will work hard to meet your expectations and assist you in taking control of your finances in these difficult ...|
|... because it collects both management and funds under management (FUM) fees from its customers. Raiz chief executive George Lucas said 66% of the company's revenue is generated from a $2.50 per month management fee from active customers, while 14% ...|
|... clients were charged zero fees for balances of less than $5000 and 0.275 per cent a year thereafter. Managing director George Lucas said: "Our fees have been unchanged for the past three years, but the new fee structure will ensure the Raiz app continues ...|
|... best interest interests to remain with the EU of 508 million people, she said. Moving forward, Raiz chief executive George Lucas said the equity market expects that there will be some deal with Europe "to kick the can down the road." The dates associated ...|
|... announced it secured a licence to distribute mutual funds via subsidiary PT Raiz Invest Indonesia. Managing director George Lucas said Raiz has progressed in modifying its platform for the Indonesian market, which has a population of about 270 million ...|
There is a good chance the planned superannuation guarantee increase to 12% will be deferred again as the nation continues to struggle with the effects of COVID-19, according to Mercer senior partner David Knox.
BetaShares' ETF that tracks crude oil futures is once again changing the length of contracts it tracks and is taking extra measures to automatically convert the ETF to all cash if oil futures drop significantly again.
The global fund manager saw its profits tumble 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income.
Chi-X TraCRs and funds will now be offered on a privately owned wealth management platform, granting financial advisers and their clients access to some of the world's biggest listed companies.
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