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Showing 1 - 10 of 313 results for %22Total Financial Solutions%22

HUB24 hits $100bn milestone

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... retirees, recorded an FUA of $75 million. "The incremental platform revenue margin on market movements can be lower than the total Platform revenue margin due to the tiered pricing of administration fees and the impact markets can have on the percentage ...

GQG and Magellan see FUM growth

ELIZA BAVIN  |  FRIDAY, 5 APR 2024
... higher funds under management (FUM) today, but one has seen significantly more growth than the other. Magellan reported total FUM of $37.3 billion as at March 28, up from $37.2 billion on February 29. "In March, Magellan experienced net outflows of $0.7 ...

Advisers flock to managed accounts, but are very selective

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
... tripled from 18% a decade ago to an equal record high of 56% now. A further 19% of advisers are potential users, taking the total possible reach in coming years to 75%, the report said. In addition, funds under management (FUM) in managed accounts have ...

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
... infringement notice in order to bring this matter to a conclusion. ASIC's inquiries and Investigation has taken over 15 months in total, and has taken up significant resources and costs," MSC said. "The fund was a 'climate impact fund' - an innovative ...

Rest awards impact mandate

RACHEL ALEMBAKIS  |  TUESDAY, 27 FEB 2024
... fund. Rest has invested in an international listed equities strategy run by Ninety-One, which "aims to achieve long-term total returns by investing in companies that are expected to contribute to the transition to a lower-carbon global economy," and ...

Madigan Capital appoints head of investment capital

ANDREW MCKEAN  |  MONDAY, 19 FEB 2024
... Australia reporting non-bank lending constitutes a minor portion of the Australian financial system - approximately 5% of total assets - the sector has experienced rapid growth since 2015. Madigan anticipates this trend to continue, driven by factors ...

Aussies want control of nest eggs: FSC

KARREN VERGARA  |  MONDAY, 19 FEB 2024
Australians want total control over how they spend their retirement savings but are willing to seek professional advice to do so, a new Financial Services Council (FSC) survey finds. The poll of 2500 superannuation members conducted by C|T Group found ...

Platforms ramp up innovation, back-end efficiencies

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... leverage scale and manager relationships to deliver zero or discounted platform administration fees to clients, targeting a total cost to client of less than 1%. For retirement products, AMP's MyNorth Lifetime leads the way in offering a guaranteed stream ...

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... raising of $6.7 billion and investments totalling $6 billion. Banking and Financial Services (BFS) reported a 3% increase in total deposits to $135.6 billion. The home loan portfolio rose 3% to $117.9 billion, and funds on platform grew 6% to $132.8 ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... Thales and $137,000 in Elbit. In a $1.06 billion UniSuper portfolio, $13.9 million is in Honeywell comprising 1.21% of the total. An $8.5 million holding in Lockheed Martin made up 0.74%. Equip Super's MySuper option, for example, had as much as ...
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