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Showing 1121 - 1130 of 7223 results for "Record"

Netwealth reports significant growth

ANDREW MCKEAN  |  WEDNESDAY, 15 FEB 2023
Netwealth has reached $62.4 billion funds under administration (FUA) and posted record earnings in its H1 FY23 results. Netwealth's FUA grew 10.2% to the prior corresponding period (pcp). The company's underlying EBTIDTA, excluding non-cash share-based ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... Commonwealth Financial Planning of $198 million, which included charging clients fees for no service provided. The group made a record $5.2 billion in after-tax profit in the last six months of 2022. Most of its operating income of $13.6 billion (up ...

Recession risk for Australia minimal: Forum

KARREN VERGARA  |  TUESDAY, 14 FEB 2023
... "elephant in the room", which is the worry many mortgage holders face when their fixed rate mortgages imminently expire. "Record low interest rates saw borrowers flock to fixed rate loans, with most maturing in 2023," he said. While many Australians ...

Mason Stevens welcomes former Iress chief

CASSANDRA BALDINI  |  TUESDAY, 14 FEB 2023
... embarks on a period of accelerated growth. "Despite a turbulent year in global financial markets, Mason Stevens has achieved record growth in revenue and funds under management and administration, by providing its high performing and innovative platform ...

ESG impacts on US pension funds tested

RACHEL ALEMBAKIS  |  MONDAY, 13 FEB 2023
... require BlackRock to abstain from voting proxies on behalf of the plan, "due to concerns with their public statements and record of prioritising ESG initiatives over shareholder return." In August 2022, Florida Governor Ron DeSantis and the trustees ...

ETFs start 2023 with a bang: BetaShares

CHLOE WALKER  |  THURSDAY, 9 FEB 2023
... chief commercial officer Ilan Israelstam, said that industry assets under management ended the first month of the year at a record $138.5 billion, largely due to the global share market rebound. "The share market rally contributed to the bulk of industry ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
True to her word, Quality of Advice Review chair Michelle Levy's final report contains few surprises, however her recommendations include the introduction of both a Good Advice Duty and a Statutory Best Interests Duty. The 267-page final report ...

AFA, FPA propose merged entity name

KARREN VERGARA  |  TUESDAY, 7 FEB 2023
Australia's two peak financial advice associations have flagged the new name of the proposed entity should their merger go ahead. The Financial Planning Association of Australia (FPA) and Association of Financial Advisers (AFA) will be known as the ...

Macquarie profits boosted by commodities

CASSANDRA BALDINI  |  TUESDAY, 7 FEB 2023
... months to 31 December 2022 (3Q23) was "slightly" up on the same nine months a year earlier, a period it said included a "record" December quarter. The group highlighted its commodities business and said FY23 YTD net profit contribution was "substantially" ...

Australian Unity recruits Vanguard veteran

ANDREW MCKEAN  |  TUESDAY, 7 FEB 2023
... Unity and Wealth & Capital Markets as we implement our long-term growth strategy," Kerr-Smith said. "His exceptional track record leading large scale transformational business and technology programs will help us embed a culture of innovation across ...