Search ResultsShowing 1 - 10 of 100+ results for "Netwealth"
Cash management account to shutter
KANIKA SOOD  |  FRIDAY, 27 MAR 2020
... the last two years, as the central bank cut the official cash rate five times since January 2019. Earlier this month, Netwealth and HUB24 cut their cash rates to zero following the Reserve Bank's rate cut to 0.50%. At the next rate cut, the two platforms ...
Platforms maintain cash rate on RBA cut
ALLY SELBY  |  FRIDAY, 20 MAR 2020
Netwealth and HUB24 have kept interest rates on cash accounts at 0%, following the Reserve Bank of Australia's rate cut of 25bps on Thursday. Both platforms confirmed the decision to maintain rates at 0%. "Nothing has changed since last week for ...
Netwealth gains $9.5bn, reveals expansion plans
ELIZABETH MCARTHUR  |  TUESDAY, 18 FEB 2020
Netwealth's funds under administration grew by $9.5 billion in the first half of 2020, as the platform reveals plans to expand its distribution team. Netwealth reported FUA of $28.5 billion, an increase of $9.5 billion and net inflows for 1H2020 of ...
Netwealth leads the platform pack
ALLY SELBY  |  TUESDAY, 18 FEB 2020
... Investment Trends has released the 16th edition of its Platform Benchmarking and Competitive Analysis Report, with Netwealth taking out the top gong. The wealth management platform led the pack for overall platform functionality, followed closely by ...
AustralianSuper PM joins fund manager
JAMIE WILLIAMSON  |  WEDNESDAY, 29 JAN 2020
... existing strategies will become available on Powerwrap next month, while its small caps strategy will soon be added to Netwealth, Praemium and HUB24. Milford is also currently in discussion with Macquarie and BT.
Netwealth to tap growing HNW demand
HARRISON WORLEY  |  FRIDAY, 24 JAN 2020
Netwealth is looking to take advantage of growing demand among high net-worth and private wealth investors for sophisticated platform offerings, with plans afoot for the launch of a premium product within months. The $28 billion platform is set to launch ...
Platform ends year with hiring spree
ELIZABETH MCARTHUR  |  THURSDAY, 9 JAN 2020
... Meanwhile, Oliver jumped to Xplore from HUB24 where he was a business development manager. He's also previously worked at netwealth and IRESS. The platform has also appointed Rick Klink as ASX participant consultant. At the same time, Xplore's super ...
Masterfunds up $26 billion
ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JAN 2020
... billion they were exceeded by corresponding outflows that jumped 16.5% to $164.6 billion. The growth in FUM was led by netwealth which has 31.3% boost, Xplore Wealth had the next best year for FUM growth with 8.8%, IOOF saw an 8% increase and Commonwealth/Colonial ...
$3.3 billion fall in retail managed funds
ELIZABETH MCARTHUR  |  TUESDAY, 7 JAN 2020
... negative $5.8bn. Some big winners in the September quarter were the smaller players. HUB24 was up a staggering 57.5%, netwealth 30.8%, OneVue 28.2% and Praemium 28.1%. It was a different story for the big institutions. ANZ and AMP were in negative territory ...
Platform hires former Netwealth distribution head
JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2019
The former head of distribution for Netwealth has taken on a newly created role with a rival managed accounts and platform provider. Nick Mitchell has been appointed co-head of distribution at Mason Stevens. In the new role, Mitchell will be responsible ...
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