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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....
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....
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...
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. ...
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...
Financial planning
The bank will also pay shareholders an interim dividend of 25 cents per share, fully franked, on 30 September....
Funds management
Solid investment portfolio performance during the first half of FY2020 has jumped the firm’s operating profit to $70.4 million....
Financial planning
Westpac’s net profit dropped 16% during FY16 thanks to customer remediation and a reduction in wealth and insurance income....
Funds management
Listed investment company, AMCIL Limited has reported a 42.7 per cent growth in profit in the 2019 financial year....
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...
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....
Financial planning
Financial services group, Bell Financial has reported a 26 per cent increase in net profit after tax for FY2017....
Funds management
Pengana International Equities Limited (PIA) announces a half year profit of $12 million following new strategies and portfolio repositioning. ...
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...
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
Podcast
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....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...