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FINANCIAL RESULTS
Financial planning
The firm reported a “tremendous” 38 per cent revenue growth in its wealth management division for 1H24, as it strives towards its $100 million revenue target by FY30....
Financial planning
Iress has reported a statutory NPAT loss of $137 million in 2023 compared to a profit of $52.7 million in the previous year....
Financial planning
HUB24’s underlying NPAT was $30.4 million in the first half of FY24 while the firm is expecting net inflows to double in the second half to reach a full-year record of $1...
Financial planning
HUB24 is targeting platform funds under administration of up to $100 billion by FY25 as it looks to build the ‘platform of tomorrow’....
Financial planning
WT Financial is expecting to see a 130 per cent increase in net profit after tax, as it releases indicative results for FY22–23, and CEO Keith Cullen believes the outlook...
Funds management
Pinnacle’s performance fees strongly rebounded in H2 but its managing director, Ian Macoun, has bemoaned “insipid” fund flows during the full year....
Funds management
Clime Capital has indicated it could take up new M&A opportunities this year as the firm opts to hold onto cash rather than pay an interim dividend....
Funds management
The asset manager has posted a 55% decline in net profit after tax as a result of costs associated with the Pendal acquisition....
Funds management
Fund manager Pengana Capital Group paid zero performance fees in the first half of the financial year despite positive performance, a “highly unusual” position for the fi...
Financial planning
Underlying net profit after tax at Equity Trustees was $13 million for the first half of the financial year as the company beds in the acquisition of Australian Executor ...
Accounting
Australian Ethical has reported its net profit after tax (NPAT) fell 15% to $9.6 million for the year ended 30 June, while its underlying profit after tax (UPAT) declined...
Accounting
Insignia Financial has announced a 59% increase in its underlying net profit after tax (UNPAT) to $234.5 million in FY22....
News
The investment platform HUB24 has reported a 133% jump in its underlying net profits after tax (NPAT) to $35.9 million in FY22, while platform net inflows surged 32% to a...
Financial planning
HUB24 has reported its net profit after tax grew to $14.2 million for the half year ended 31 December, 2021, which translated into a 103% growth year-on-year....
Financial planning
Sequoia Financial Group has reported net profit after tax to increased to $2.6 million from $1.7 million for the half year ended 31 December, 2021....
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...