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Showing 1 - 10 of 6386 results for %22March 2000%22

Brisbane financial adviser has assets frozen

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
... Prakash's pivotal role in ASIC's investigation, make urgent ex parte orders necessary in the public interest. On 28 March 2023, the Court made orders preserving the assets of Prakash and the related companies and restrained him from leaving Australia. ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... up with strong enforcement action against trustees and advisers to deter future misconduct." Since the review wrapped in March 2023, Constant said there has been some response from the participating trustees in aggregate, but there's more to be done. ...

The top investment funds over the past year

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
The top-performing investment funds for the year ending March 31 have been announced, with all being ETFs focused on international equities. The BetaShares Crypto Innovators ETF (ASX: CRYP), with $158 million in net assets, led the pack with a 163.8% ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... review, ASIC looked at 10 trustees representing about eight million members and $923 billion in assets. Between April 2022 and March 2023, it found that 476,452 member accounts were charged $990.4 million in advice fees by 1803 licensees. It also found ...

J.P. Morgan hit with $775k penalty

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... on the futures market, ASX 24. The MDP said it should have suspected the 36 orders (placed between 11 January 2022 and 3 March 2022) were submitted with the intention of creating a false or misleading appearance with respect to the market for, or the ...

Platinum's FUM dips below $14bn

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... billion, which has been previously flagged. This translated to about an $18 million hit to revenue. A Morningstar note from March calculated the massive mandate loss represented about 9% of Platinum's FUM of $15.6 billion at the time. Incidentally ...

Experts weigh in: Will the RBA hike rates again?

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
... some have suggested another hike could be on the horizon given less than optimistic inflation data which rose 1% in the March quarter. In addition, the RBA lifted its Consumer Price Index forecast by 5bps in June and December 2024 to 3.8% but still expects ...

HESTA names chief financial officer

ELIZABETH FRY  |  TUESDAY, 7 MAY 2024
... healthcare and government sectors, Natalie Kelly was appointed finance chief after serving in an interim capacity since March. Kelly joined the $82 billion industry super fund after Sally Collins quit to take up a wider operational role at rival Aware ...

Macquarie Group profits falls 32% to $3.52bn

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
Macquarie Group has reported a net profit of $3.52 billion for the year ending 31 March 2024, a 32% decrease from the previous year. The firm's assets under management increased to $938.3 billion, up 7% from 31 March 2023, but primarily due to favourable ...

Count upgrades synergy benefits after Diverger acquisition

ELIZA BAVIN  |  FRIDAY, 3 MAY 2024
... smoothly and make doing business easier for all our business partners." Count finalised the acquisition of Diverger back in March, bringing its funds under advice to $29.9 billion. Count paid $1.3651 for each Diverger share following a 99.97% approval ...
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