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It will pay a fully franked dividend of 3. James Brickwood. The billion-dollar negative market impact was offset by new business from financial advisers who use Hub24’s flagship wealth management platform to execute trades and manage assets on behalf of clients and are influential over flows into its superannuation fund. Hub24 signed licence agreements with customers over the period, onboarding financial advisers as new users of the platform, indicating growth in new business of 27 per cent.
Its platform market share increased from 1. Mr Alcock said question marks over the products offered by its traditional rivals by way of the “strategic review” of Westpac’s wealth business and Panorama platform and National Australia Bank’s hopes of a trade sale for MLC Wealth were helping advisers choose a “specialist platform provider” like Hub The continued movement of financial advisers from institutionally owned licensees to privately owned channels, was another tailwind for the technology provider.
Mr Alcock reflected on data from research house Adviser Ratings that practitioners moved to new licences in the June quarter “even in the midst of a pandemic”. Licensee-switching, especially to independent providers, opens up the platform and technology choices available to advisers. Shares in Hub24 tumbled 2. Mr Ahmed also questioned the reported 26 per cent increase in platform expenses, which Hub24 attributed to increasing headcount in sales and distribution and technology functions.
But Mr Alcock dismissed the concern, saying increased spend on tech innovation was essential to stay ahead of rivals, should new owners seek to invest in the previously bank-owned platforms. Bank chairman and university chancellor says COVID is a health issue first and an economic problem second.
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Bosworth, who has said the Hard Rock’s overhaul into a Virgin-branded resort would cost more than $ million, told the Review-Journal he.
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The owners of Virgin Hotels Las Vegas are having second thoughts about the scheduled fall opening after the coronavirus pandemic devastated the economy. If Virgin debuted today, he said, its 4,seat theater would hold a fraction of its capacity, the resort could not offer valet parking, and its restaurants and bars would have to limit their capacity as well.
Branson and Bosworth announced the deal at a party-like news conference at the hotel, which featured a DJ playing thumping music and swimsuit-clad women dancing on platforms in the pool.
As artificial intelligence technologies are increasingly deployed by government and commercial entitles to generate automated and semi-automated decisions, the right to an explanation for such decisions has become a critical legal issue. This article considers the merits of enacting a statutory right to explanation for automated decisions. To this end, this article begins by considering a theoretical justification for a right to explanation, examines consequentialist and deontological approaches to protection and considers the appropriate ambit of such a right, comparing absolute transparency with partial transparency and counterfactual explanations.
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Big banks’ wealth exit aids Hub24 tailwinds
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