POWERED BY MOMENTUM MEDIA
NPAT
Financial planning
The exit of “smaller non-economic advisers” has improved net margin at Sequoia, while the divestment of Morrison Securities boosted its statutory net profit after tax for...
Financial planning
Pexa Group has reported a 42% growth in revenue, year-on-year, while addressing its first annual general meeting since publicly listing....
Financial planning
CBA has reported cash net profit after tax of approximately $2.2 billion in 1Q22, 20% higher than in the same period last year, but lower than 2H21....
Financial planning
The cessation of grandfathered rebate revenue has driven down the group’s adjusted net profit after tax to $7.444 million for FY21....
Financial planning
ClearView has announced underlying net profit after tax is up 54% to $22.7 million but operating earnings for its financial advice arm were down 58% as it sells it to Cen...
Funds management
The platform provider posted inflows of $8.9 billion, up 82%, and is targeting a funds under advice range of $63 billion to $70 billion by 30 June, 2023....
Funds management
EQT Holdings has announced a 43% year-on-year growth in funds under management, administration and supervision to $144 billion for the year. ...
SMSF
Class’ net profit after tax fell 46% after the firm offloaded its investment in managed account service, Philo Capital, and has acquired legal documentation software prov...
Funds management
Australian Ethical has announced its funds under management has reached over $5 billion during the first half of FY21....
Funds management
The firm’s funds under administration was up 34% on FY19 and it has announced the appointment of its new chief financial officer....
Funds management
The technology firm’s profit has taken a hit due to impacts of operating losses in acquired businesses and an increase in annual leave days following the COVID-19 pandemi...
Funds management
The platform provider has posted a net loss despite a 20% increase in funds under administration during the first half of FY20....
Financial planning
Count Financial may have fewer advisers and fewer planning firms than in its halcyon days, but it has swelled the bottom line of CountPlus....
Funds management
The fund manager’s funds management soared 29% to $92.8 billion over the year to 31 December, 2019....
Funds management
Iress has reported a new profit after tax reduction of five per cent for the first half of 2019....
Never miss the latest news and developments in wealth management industry
MARKET INSIGHTS
Podcast
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....