Henderson Group travelling well
Four years after being demerged from AMP, British-based Henderson Group appears to be on track, having substantially lifted both assets under management and its returns to shareholders.
The company has provided a briefing for investors revealing a steadily improving bottom line, with operating profit for Henderson Global Investors before tax for the first half of the current financial year already standing at £61.4 million on the back of total income of £178.7 million.
The company outlined its objectives moving into the future as being attracting and retaining talent, sustaining good investment performance and improving on those areas that have lagged, continuing to expand high margin products and exploiting operational leverage.
It said it also intended to drive revenues, profits and margins higher.
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.