Perpetual's FUM regrowth
Perpetual is continuing to grow its funds under management back from the low points experienced during the depths of the global financial crisis.
The company announced to the Australian Securities Exchange today that funds under management as at the end of August stood at $28.4 billion, up from the $27.2 billion recorded at the end of July.
It said this figure had been achieved despite net outflows of $130 million from an institutional client in cash and enhanced cash.
AUTHOR
Mike Taylor
Recommended for you
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350.
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.
