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|Netwealth ended the June quarter with a 12% increase in funds under administration (FUA) and a 102% increase in inflows.|
|The level of satisfaction financial advisers have with their main platform has dropped as the pandemic puts pressure on platform providers to increase capabilities, new research shows.|
|The SMSF technology platform has decided to either convert or redeem its $3.1 million investment in Philo Capital Advisers after concluding it is not in the best interest of its shareholders.|
|Australia's largest mutual bank has launched a digital bank to meet the needs of essential workers and appointed a chief digital bank officer.|
|BNY Mellon is offloading its local execution and settlements business to FinClear for an undisclosed amount.|
|A Singapore-based fund administrator will establish full-service operations in Australia as it sees an opportunity in the local market.|
|A specialist managed accounts platform has cut the administration fee on its superannuation offering.|
|Commonwealth Bank has launched a joint venture with Quantium to create a tool for institutional clients to receive greater data insights to deliver better services for their clients.|
|The Macquarie Wrap platform has hit new heights, recording over $100 billion in assets under administration.|
|Generation Life has awarded technology firm FRS a mandate to provide pricing and reporting for its investment bonds.|
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After four months of due diligence, the two super funds have confirmed they will merge before the end of the year.
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The $179 billion sovereign wealth fund has promoted internally to appoint a deputy chief investment officer for portfolio strategy.
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The alarming rate that financial advice is increasingly becoming unaffordable for everyday Australians further cements the position of the rich and powerful, an inquiry heard this morning.
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The Sydney multi-boutique has appointed a Queensland-based distribution director, hiring from GSFM.
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