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Showing 1 - 10 of 42 results for "Raiz"

SSGA takes 5% stake in Raiz

KARREN VERGARA  |  MONDAY, 26 AUG 2024
State Street Global Advisors (SSGA) has taken a 5% stake in micro-investment platform Raiz as the latter uses funds to expand its market share and jump on the artificial intelligence bandwagon. SSGA will acquire its 4.8% interest worth $1.97 million ...

Raiz increases portfolio fees

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
Micro-investing app Raiz has upped its fees on a range of its portfolios, with some increasing as much as 29%. The monthly maintenance fee for the Standard portfolios will increase from $3.50 to $4.50 for account balances of less than $20,000. For balances ...

Raiz Invest launches residential property fund

ANDREW MCKEAN  |  TUESDAY, 16 MAY 2023
Raiz Invest has launched a diversified residential property fund, providing a new investment avenue for micro-investors in Australia. The Raiz Property Fund allows investors to dedicate up to 30% of their portfolio to a variety or residential properties ...

Equity Trustees records solid 1H23 result

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... in super members owing to organic growth with HUB24 and Smart Future Trust and new appointments from Super Simplifier and Raiz. Total members now sit at about 590,000. "FUMAS and revenue remain on a steady upward trend, demonstrating the strength of ...

AMG Super to take on fledgling super product

JAMIE WILLIAMSON  |  TUESDAY, 6 DEC 2022
... superannuation offering of an ASX-listed fintech will merge with AMG Super later this month following a ruling by its trustee. Raiz Invest Super, the super solution offered by micro investing platform Raiz, will become a division of AMG Super on or around ...

George Lucas to depart Raiz Invest

ANDREW MCKEAN  |  MONDAY, 26 SEP 2022
Raiz managing director and joint group chief executive (international) George Lucas will leave the company effective from December 31. In an ASX announcement, the board acknowledged Lucas' work in establishing Raiz and for his leadership of the company ...

Seven West Media backs Raiz

CHLOE WALKER  |  TUESDAY, 30 NOV 2021
Seven will take a strategic investment of a 6.6% stake in Raiz via a $10 million share placement, aligning both companies' interests to work. Raiz joint group chief executive officer Brendan Malone said that Seven's investment into the Raiz business ...

Director appointment, retirement at Raiz Invest

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
Raiz Invest has announced that Stuart Grimshaw will be appointed as a non-executive director. Grimshaw, who has a 35-year career in financial services, will also be expected to be the chair of the audit and risk committee. His most recent position was ...

Raiz Invest hits $1bn in Australia

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 NOV 2021
Raiz Invest has surpassed $1 billion in funds under management in Australia. The company put the growth down to customer engagement and reported that average balances on its platform have grown to nearly $3000 per customer. Raiz reported having more ...

Harvey Kalman joins Raiz

ELIZABETH MCARTHUR  |  MONDAY, 25 OCT 2021
Former Equity Trustees global head of business development Harvey Kalman will chair Raiz Invest. Kalman is currently board member and chair of the audit and investments board committee for the Menzies Foundation and chair of the Financial Planning Advisory ...
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