The latest issue of Financial Standard now available as an e-newspaper
|A Sydney boutique has picked Iress's portfolio system for its high-conviction Australian equities funds.|
|Billionaires such as Elon Musk, Jeff Bezos and Bill Gates were among the household names that had their Twitter accounts hacked to promote a bitcoin scam.|
|Multi-asset trading and investment platform provider Saxo Markets has added exchange traded options to its platform, giving clients the ability to gain exposure to the ASX without having to purchase shares directly.|
|Specialist wealth management platform Netwealth has seen its share price soar, after it reported a 35% increase in funds under administration for the financial year.|
|Praemium this morning advanced a $55.6 million bid to acquire Powerwrap in an off-market conditional takeover priced at 26.55 cents per share.|
|JBWere has extended its agreement with the ASX-listed platform business to provide reporting and non-custodial administration for the private banking giant's wealth management client portfolios.|
|New research has revealed Australia's financial advisers switched between various investment platforms in their search for better service and support in the wake of the Royal Commission and COVID-19 pandemic.|
|A fintech provider has acquired a financial services licensee, for an undisclosed sum.|
|Australia is still dragging the chain on robo-advice but there is hope for local providers, according to new global research on the take-up of the technology.|
|HUB24 is developing a new tech capability, which it says will identify compliance issues before they happen.|
There is a good chance the planned superannuation guarantee increase to 12% will be deferred again as the nation continues to struggle with the effects of COVID-19, according to Mercer senior partner David Knox.
BetaShares' ETF that tracks crude oil futures is once again changing the length of contracts it tracks and is taking extra measures to automatically convert the ETF to all cash if oil futures drop significantly again.
The global fund manager saw its profits tumble 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income.
Chi-X TraCRs and funds will now be offered on a privately owned wealth management platform, granting financial advisers and their clients access to some of the world's biggest listed companies.
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