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Search ResultsShowing 1 - 10 of 100+ results for "Netwealth"
Netwealth sees rise in inflows
ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
Netwealth has experienced a leap in inflows for the September quarter of $1.9 billion, bringing total funds under administration to over $34 billion. The figure represents a 24.5% increase in FUA net inflows against the prior corresponding period. Its ...
Superhero sets eyes on managed accounts
ALLY SELBY  |  WEDNESDAY, 7 OCT 2020
... that I think to make a direct comparison to someone else in the market, we're probably closer to likes of HUB24 and Netwealth, but we've removed the advice intermediary and made it direct to consumer," he said. And while the platform already ...
Super reforms modest negative for AMP, IOOF: Credit Suisse
KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... Last night's superannuation reforms could be a "modest negative" for AMP, IOOF and Link Group but have no impact on Netwealth and HUB24. The government is proposing to subject all MySuper products to a new APRA-administered annual test from July 2021 ...
Netwealth appoints international custodian
KANIKA SOOD  |  TUESDAY, 29 SEP 2020
Netwealth has appointed a global custodian, who will also provide global and domestic equities execution and fund administration. Citi, which is the third largest custodian in Australia, will provide the services to Netwealth. Citi has been executing ...
Masterfund assets decline
KARREN VERGARA  |  WEDNESDAY, 23 SEP 2020
... ($110.8bn, down 7.5%), CBA/Colonial ($108.3bn, down 4.1%) and BT ($102.4bn, down 1.1%). Meanwhile, mid-sized players like netwealth ($31.5bn up 35%) and HUB24 ($17.2bn, up 33.7%) posted gains of 30% or more. IOOF saw its business more than double after ...
Netwealth takes stake in Aussie fintech
ANNABELLE DICKSON  |  THURSDAY, 17 SEP 2020
Wealth management company Netwealth has announced its investment and partnership with data solutions fintech Xeppo. Netwealth purchased a 25% stake in Xeppo with the option to increase its holding to 50% in the future but noted the investment is not ...
Managed funds recover FUM losses
ANNABELLE DICKSON  |  WEDNESDAY, 16 SEP 2020
... there is pervading air of uncertainty." The retail funds that experienced significant increases were IOOF at 85.3%, Netwealth at 33.9% and HUB24 at 33.7%. Interestingly, the lowest increases were experienced by the top four by FUM including BT at -5.8% ...
CFS partnership to sustain advice industry
ANNABELLE DICKSON  |  FRIDAY, 11 SEP 2020
... into financial services firms over the next 12 months and has already partnered with IOOF and its subsidiaries, Zurich, Netwealth, BT and Madison Financial Group. Striver chief executive and founder Alisdair Barr said through the partnership with CFS ...
Credit Suisse names preferred investment options
ELIZA BAVIN  |  TUESDAY, 8 SEP 2020
... expected recovery in flows." They added that COVID-19 appears to have had minimal impact with sector heavyweights HUB24 and Netwealth issuing bullish flows guidance that were also ahead of market expectations. "Revenue pressure from normalising cash ...
Northern Trust races up custody league tables
KANIKA SOOD  |  FRIDAY, 28 AUG 2020
... NAB Asset Servicing (14.1%), BNP Paribas (12.3%), State Street (10.7%), HSBC Bank (4.8%), RBC (3.4%), Ausmaq (1.6%), Netwealth (0.8%) and BNY Mellon (0.7%). ACSA chief executive Robert Brown said the fall in total assets under custody was largely a result ...
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