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Showing 1 - 10 of 100+ results for "Netwealth"

FirstChoice dominates platform market

KARREN VERGARA  |  THURSDAY, 29 APR 2021
... some inconsistencies. That is, a platform popular in one state may be ranked very differently in another. For example, Netwealth was Top 10 in only one state-its home state of Victoria," the report read. Overall, FirstChoice has 9738 financial advisers ...

Adviser numbers at five-year low

KARREN VERGARA  |  FRIDAY, 23 APR 2021
... WealthFocus (5992), Asgard (5477) and BT Wrap (5208) make up the top five most-used platforms. Outside of the major platforms, Netwealth owns the biggest market share at 2.5% with 2371 advisers, while HUB24 has 1790 advisers and a 1.9% market share. ...

Netwealth FUA crosses $40 billion

KANIKA SOOD  |  FRIDAY, 16 APR 2021
Netwealth ended March 2021 with $41.8 billion in funds under administration, an increase of 50% over the prior corresponding period. Net inflows in FUA slowed down from $3.2 billion in previous corresponding period to $2.3 billion. Netwealth attributed ...

Managed accounts prop up platforms

ANNABELLE DICKSON  |  FRIDAY, 16 APR 2021
... First State with $126 billion and $104 billion, respectively. Meanwhile, younger platforms are gaining traction with Netwealth recording $46 billion in FUA, followed by HUB24 at $22 billion and Praemium at $8 billion, prior to any acquisition activity. ...

Praemium expands distribution footprint

KARREN VERGARA  |  TUESDAY, 6 APR 2021
... Powerwrap. Investment Trends' latest platform survey found HUB24 ranked first for its functionality, followed by Netwealth, Praemium, BT Panorama and Macquarie Wrap.

Milliman hires head of distribution

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
... Xplore Wealth for over a year and HUB24 for five-and-a-half years in business development roles. Prior to that, he was at Netwealth, IRESS, John Hopkins Group and Aviva. "Durand brings extensive local retail investment experience with him to Milliman ...

HUB24 hits fund managers with higher fees

KANIKA SOOD  |  FRIDAY, 19 MAR 2021
... rebate system from manual to online. But it did not say if it will add a rebate fee for fund managers like its competitor Netwealth did last year. "Following feedback from a number of fund managers and portfolio managers HUB24 is planning to invest in ...

Fund manager COO resigns, chair named

KARREN VERGARA  |  THURSDAY, 18 MAR 2021
... Jane Tongs who has been with Cromwell since 2014 and recently retired. Tongs has also retired from her role as chair at Netwealth. Weiss sits on a number of boards, including Estia Health, Ardent Leisure and Ariadne. Also joining Weiss is Eng-Peng Ooi ...

Lonsec chief to exit, chair welcomed

KARREN VERGARA  |  FRIDAY, 5 MAR 2021
... SuperRatings and Lonsec Investment Solutions. Haynes co-founded Paragem in 2005 and its respective subsidiaries were sold to Netwealth in 2011 and HUB24 in 2014. HUB24 recently completed the sale of Paragem to Easton Investments. Before founding Paragem ...

Prime Value hires from MLC

ELIZA BAVIN  |  WEDNESDAY, 3 MAR 2021
... with financial advisors and dealer groups," Quek said. Prime Value funds are available via platforms including BT Wrap, Netwealth, HUB24, and Powerwrap.
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