PROFIT

Funds management

Praemium’s platform inflows were up 111% during the FY21 but its profit and EBITDA were down thanks to costs associated with acquiring Powerwrap....

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Funds management

The firm’s profit hit was notably due to credit and other impairment charges of $447 million as a result of the COVID-19 pandemic....

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Funds management

Fee waivers provided due to the COVID-19 pandemic, reduced transaction volumes due to the pandemic, along with increased expenses and credit impairment charges contribute...

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Funds management

The bank’s statutory net profit after tax and cash profit have been hurt due to credit impairment charges on the back of the COVID-19 pandemic. ...

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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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Financial planning

The bank will also pay shareholders an interim dividend of 25 cents per share, fully franked, on 30 September....

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Funds management

Solid investment portfolio performance during the first half of FY2020 has jumped the firm’s operating profit to $70.4 million....

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Financial planning

Westpac’s net profit dropped 16% during FY16 thanks to customer remediation and a reduction in wealth and insurance income....

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Funds management

Listed investment company, AMCIL Limited has reported a 42.7 per cent growth in profit in the 2019 financial year....

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Financial planning

ANZ has signalled few regrets about divesting its wealth management businesses amid confirmation that its ‘transformation program’ has helped drive a solid first half pro...

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Financial planning

IRESS has reported a 10 per cent growth in revenue for full year which was helped by the positive contribution to earnings from acquisitions....

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Financial planning

Financial services group, Bell Financial has reported a 26 per cent increase in net profit after tax for FY2017....

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Funds management

Pengana International Equities Limited (PIA) announces a half year profit of $12 million following new strategies and portfolio repositioning. ...

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Financial planning

Financial services business Fiducian has announced it will intensify its strategy of acquiring financial planning businesses in the second half of this financial year, a...

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People & Products

Platform and wealth management technology provider, GBST has managed an increase in first-half profit despite legislative challenges....

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MARKET INSIGHTS

GG

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

2 months 1 week ago
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 ...

2 months 1 week ago
gonski

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

2 months 1 week ago

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. ...

3 weeks 3 days ago

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

3 weeks 1 day ago

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

2 weeks 5 days ago