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Showing 1171 - 1180 of 3401 results for "Revenue"

Powerwrap finds new line of business

KANIKA SOOD  |  THURSDAY, 16 JAN 2020
... billion in assets under administration, and focuses on high-net-worth advisers. Escala accounts for roughly 40% of its revenue. Powerwrap listed on the ASX last May and is down over 40% to its opening share price. It reported $16.8 million in revenue ...

Goldman Sachs $1b corruption bill

ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
... foots the litigation bill for its involvement in the ongoing 1MDB corruption scandal. The US-based bank posted quarterly revenue of US$9.96 billion, beating expectations; however the litigation charge weighed on profit causing a 22% decline in earnings. ...

BlackRock wakes up to climate change

ALLY SELBY  |  WEDNESDAY, 15 JAN 2020
... sectors"; namely thermal coal production. BlackRock will exit publicly-listed securities that generate more than 25% of their revenue from thermal coal production from its discretionary active investment portfolios, and by mid-2020, too. It's not ...

JPMorgan Chase reports record profits

ALLY SELBY  |  WEDNESDAY, 15 JAN 2020
... billion) in the fourth quarter, up 6% from the third quarter and up 21% from the previous year. JPMorgan's annual net revenue lifted 6% from the previous year, generating $167.6 billion (US$115.6 billion) for the bank. Net reported revenue and managed ...

The Income Store closed for business

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JAN 2020
The US Securities and Exchange Commission froze the assets of Ken Courtright's company Todays Growth Consultant which also operated as The Income Store. The commission has filed an emergency enforcement action, obtained a temporary restraining order ...

Advice group partners with new platform

JAMIE WILLIAMSON  |  WEDNESDAY, 8 JAN 2020
... of $4.9 million, well shy of the $6.8 million that was expected. The platform also brought in more than $16 million in revenue. In October, Powerwrap welcomed a new director to its board in Fiona Boyd. She replaced Donna Hardman who stepped down for ...

Goldman Sachs realigns reporting structure

ALLY SELBY  |  WEDNESDAY, 8 JAN 2020
... which the bank is trying to expand. Over the three quarters ending in September, the bank generated US$3.79 billion in revenue from the segment, with US$3.16 billion coming from its wealth management business. In comparison, the consumer banking business ...

YBR exits wealth, sells for $2.5 million

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... entering into a sale agreement for a sum of approximately $2.5 million. YBR Wealth's share of rights to the recurring revenue streams derived from its wealth advice and life insurance distribution businesses has been sold to Interprac, a wholly owned ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... historic BOLR agreements, specifically targeting those advisers with contracts entitling them to a multiple of 4x recurring revenue. According to numerous sources, AMP was and continues to investigate these firms with the aim of uncovering past compliance ...

Tech to topple banking: RBA

ALLY SELBY  |  WEDNESDAY, 18 DEC 2019
... needs," Kearns said. "New payments providers engaging with banks and card companies could reduce the banking systems' revenue from the payments system." So could technological change topple the dominant position of the big four banks? Only time will ...