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Showing 1201 - 1210 of 3401 results for "Revenue"

NAB remediation team swells, no executive bonuses

ELIZABETH MCARTHUR  |  THURSDAY, 7 NOV 2019
... demonstrate substantial changes to the executive leadership team's remuneration framework. As for NAB's wealth business, revenue was down from $994 million in 2018 to$881 million in 2019. The results acknowledged NAB's new advice model, saying that it ...

Chief economist update: Weak household consumption now a sure thing

BENJAMIN ONG  |  TUESDAY, 5 NOV 2019
The race that stops the nation - the Melbourne Cup - is upon us. There'll be a lotta betting and hopin' and wishin' and prayin' for a chosen steed to make it past the finish line in first place. Cross Counter is the odds-on favourite ...

Morningstar bets on advice software

KANIKA SOOD  |  MONDAY, 4 NOV 2019
... has three main applications: AdviserLogic (financial planning software and the company's core offering), PayLogic (revenue management software) and DataLogic (software that collects, aggregates and normalises data from platforms, fund managers, brokers ...

Wealth income halved, Hartzer skips $1.6m bonus

HARRISON WORLEY  |  MONDAY, 4 NOV 2019
... income from the exit of our financial planning business, higher insurance claims and the impact of regulatory changes on revenue," Hartzer said. Wealth management and insurance income fell by 50% against 2018 numbers, which Westpac said was due to an ...

Macquarie wealth fees income down 14%

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
... the same period this number was $168 million. However, the $144 million is only 2% lower than the previous half's revenue of $147 million. "Lower wealth management fee income associated with realigning the wealth advice business to focus on the high ...

Crestone profits boosted by clients

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
... include more advisers, a larger support network and increased strength in the investment teams," the wealth manager said. Revenue was up 11% to $107.8 million and EBIT of $11.5 million, in line with the company's three-year strategic outlook. Additionally ...

Powerwrap appoints director

HARRISON WORLEY  |  MONDAY, 28 OCT 2019
Wealth management platform Powerwrap shuffled its board, after the resignation of a director. Fiona Boyd has been appointed as a director of the platform provider, after Donna Hardman stepped away from the board for personal reasons. Currently the chief ...

Berkshire to chase growth for InvestSMART

KANIKA SOOD  |  FRIDAY, 25 OCT 2019
The ASX-listed financial services business has hired Berkshire Global Advisors to look for growth options as its revenue from grandfathered commissions starts to dry up. Commissions on funds and insurance products accounted for more than 56% of InvestSMART's ...

Growing advice group in commissions fight

ELIZABETH MCARTHUR  |  THURSDAY, 24 OCT 2019
... discontent for advisers is the debate surrounding commissions in the life insurance industry and the removal of grandfathered revenue. The UFAA maintains that removing commissions will have negative consequences for consumers. "The experience in other ...

WiseTech short could impact super

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 OCT 2019
... WiseTech has overstated profits since listing, with the short seller estimating that overstatement might amount to 178% of revenue. J Capital estimates an underlying organic growth rate for WiseTech of 10%, whereas WiseTech claims 25%. Especially suspect ...