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....

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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....

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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....

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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...

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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....

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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. ...

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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...

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Funds management

Australian Ethical has announced its funds under management has reached over $5 billion during the first half of FY21....

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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....

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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...

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Funds management

The platform provider has posted a net loss despite a 20% increase in funds under administration during the first half of FY20....

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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....

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Funds management

The fund manager’s funds management soared 29% to $92.8 billion over the year to 31 December, 2019....

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Funds management

Iress has reported a new profit after tax reduction of five per cent for the first half of 2019....

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GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

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Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

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gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

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A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

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ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

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Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

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