2 days ago · Clime Investment Management has appointed two to its operations team, focusing on managed funds, as it continues its cost-cutting process.

Sep 9, 2024 · After a financial year full of turnaround steps, the firm announced its statutory NPAT was $238 million, up from $182 million in FY23. FUM was $36.6 billion, comprising $17.1 billion in retail assets and $19.4 billion in institutional ones, and …

Dec 5, 2024 · The strategic partnership with Vinva was announced in August at the firm’s FY24 results, with Magellan acquiring a 29.5 per cent stake in parent company Vinva Holdings.Vinva manages active systematic equity strategies across Australian and global equity markets, having been founded in 2010 by Morry Waked.

3 days ago · While the start of 2025 is positive, the tide has not yet turned for the asset manager with Morningstar research forecasting further outflows expected over the next five years at 20.1 per cent of its FUM per annum. In its Australian Asset Manager report for Q2 FY2024–25, which surveyed seven active asset managers, it forecast a rapid loss of institutional mandates to persist for Platinum and ...

Dec 19, 2024 · Adviser Ratings shares five ways that financial advice changed in 2024 with an optimistic outlook for 2025, thanks to the Delivering Better Financial Outcomes legislation.

Oct 22, 2024 · Wealth managers and asset managers alike have identified M&A as a way to achieve product diversification and expansion. “Despite growing assets under management in 2023, both revenue growth and profit margin expansion remain elusive for the investment management industry,” the report stated.

Target audience Aimed primarily at financial planners and dealer group principals, Money Management is also widely read by fund managers, accountants, bankers, insurers and government. Editorial coverage Money Management provides accurate, informative and insightful editorial coverage of the Australian financial services market, with topics including taxation, managed funds, property ...

Dec 17, 2024 · Locally, the number of billionaires increased from 41 in 2023 to 43 in 2024, marking a rise of 4.9 per cent. There was a 16.3 per cent rise in Australian billionaire wealth from US$173.5 billion last year to $201.8 billion this year.

2 days ago · January saw $4.6 billion in inflows into ETFs, according to Betashares, with four Australian funds seeing the largest monthly inflows. In its monthly update, the ETF provider said this sum was atypical for January movements. “2025 kicked off with a bang as the Australian ETF industry recorded a ...

Mar 4, 2024 · Launched in 1994 by Kerr Neilson and Andrew Clifford, who both still hold senior roles at the firm, Platinum is one of Australia’s most well-known asset managers with $15 billion in funds under management (FUM).