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Search ResultsShowing 1 - 10 of 71 results for "George Lucas"
Balanced options in the red, but only just
ALLY SELBY  |  TUESDAY, 7 JUL 2020
... 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 ...
Raiz Super bleeds red
ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
... 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 ...
Fees drop at Raiz
HARRISON WORLEY  |  FRIDAY, 22 MAY 2020
... 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 ...
ERS shaves $4m off Raiz Super
ALLY SELBY  |  TUESDAY, 5 MAY 2020
... 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 ...
Raiz cuts costs, super increases
ALLY SELBY  |  TUESDAY, 28 APR 2020
... 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 ...
Increased customers, incoming crypto: Raiz
ALLY SELBY  |  MONDAY, 20 APR 2020
... 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 ...
Raiz defends double fee
ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
... 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% ...
Raiz hikes fees for low balances
KARREN VERGARA  |  TUESDAY, 2 JUL 2019
... 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 ...
No-deal Brexit prolongs market uncertainty
KARREN VERGARA  |  WEDNESDAY, 16 JAN 2019
... 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 ...
Raiz expands offshore
KARREN VERGARA  |  TUESDAY, 18 DEC 2018
... 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 ...
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