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Showing 1 - 10 of 75 results for "Magellan Financial"

FinClear scores clearing mandate

JAMIE WILLIAMSON  |  WEDNESDAY, 13 OCT 2021
... achieve our needs," he said. "We are really looking forward to working with the team." FinClear is backed by Magellan Financial Group and VC firm King River Capital. It acquired Pershing Australia in June of this year.

Energy leads top stock picks: Morningstar

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
... for its high-quality loan book, Challenger as it trades at an attractive discount to fair value estimate and Magellan Financial Group for being highly reputable, retaining clients and winning mandates.

Magellan cops $4bn drop

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
Magellan Financial Group recorded net outflows in its retail and institutional funds under management last quarter, bringing it back to June figures. The global equities strategy saw a $4 billion drop in FUM to $84 billion while infrastructure equities ...

Magellan director steps down

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
A long standing non-executive director at Magellan Financial Group has announced his retirement from the board. Paul Lewis first joined the board in 2006 and was also chair of the remuneration and nominations committee and a member of the audit and ...

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
Magellan Financial Group will start paying taxes at the full 30% rate from FY24, as the government abolishes laws that allowed it to pay only 10% tax on offshore earnings. MFG paid tax at 21.4% in the year ending June, lower than the 30% tax rate that ...

Magellan profits dip

KANIKA SOOD  |  TUESDAY, 17 AUG 2021
Magellan Financial Group reported a 33% drop in its net profit after tax to $265.2 million in FY21, as its performance fee revenue slid 63% and recent investments drew a loss of $41.8 million. MFG ended FY21 with $103.7 billion in average funds under ...

Top franked stock picks: Morningstar

ELIZABETH MCARTHUR  |  FRIDAY, 6 AUG 2021
... for income. The stocks are Aurizon Holdings, Perpetual, Link Group, GWA Group, Westpac, APA Group, Telstra, Magellan Financial, Dexus and Medibank Private. Aurizon Holdings, Morningstar said, is trading at a 20% discount to our fair value estimate and ...

Outflows at Magellan

KANIKA SOOD  |  THURSDAY, 8 JUL 2021
Magellan Financial Group reported $351 million in net outflows in the June quarter. This included $260 million in net retail outflows and $91 million in net institutional outflows. Magellan ended the June quarter with $113.9 billion in total FUM, up ...

FinClear to acquire BNY subsidiary

KARREN VERGARA  |  THURSDAY, 10 JUN 2021
... FinClear's capital position following the acquisition is strong, supported by the $20 million raised from the Magellan Financial Group when it joined the share register as a strategic investor last October. "We have the capital, the systems, technology ...

Magellan retirement product nears launch

KANIKA SOOD  |  WEDNESDAY, 26 MAY 2021
... retirement income product FuturePay will launch on June 1, the company said in this morning's ASX filings. Magellan Financial Group has been working on its retirement product since at least 2017. It has now scheduled a June 1 briefing for the retirement ...
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