The latest issue of Financial Standard now available as an e-newspaper
| | TUESDAY, 21 SEP 2021 12:42PMThe Montreal Exchange (MX) is making a play for superannuation fund assets by syncing its trading hours to accommodate Asia Pacific investors.|
|The take up of managed accounts continues to grow with the industry growing $15.8 billion in the last six months to $111 billion, new research shows.|
|Neobank Volt has partnered with digital currency exchange BTC Markets.|
|Fidelity International has entered the managed accounts space with the launch of its first separately managed account (SMA) with an actively managed Australian equity model.|
|Iress' design and distribution obligation (DDO) solution will be integrated with Xplan allowing financial advisers who use the software to access Target Market Determinations (TMDs) throughout the entire advice process.|
|ASX-listed Mainstream reported $65.6 million in revenue for FY21, up 18% from the previous financial year.|
|The Institute of Managed Account Professionals (IMAP) announced the winners of its annual awards.|
|HUB24 recorded significant growth in its underlying net profit as inflows continued to rise following the acquisition of Xplore Wealth and Ord Minnett's Portfolio Administration and Reporting Service (PARS).|
|Iress' half year results were solid with profit up 9% and earnings per share up 6%, as it finalises the integration of OneVue's business.|
|The platform recorded net profit gains and a substantial increase in funds under administration as it expects inflows to hit $10 billion in the next financial year.|
Tomorrow Super is readying itself for a $5 million pre-IPO funding round, with the promise of a financial adviser friendly superannuation solution.
Investment consultant firms from across the world with US$10 trillion in assets under advice have joined together to launch a global net zero initiative.
Senator Jane Hume is warning consumers who fall victim to bad advice from finfluencers not to rely on the government for compensation.
In its submission to the inquiry into common ownership, BlackRock point out the theory behind the inquiry is "based on fundamental misconceptions", adding that any possible reforms based on ideas still under debate would be premature.
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