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Showing 1321 - 1330 of 3401 results for "Revenue"

Class appoints chief executive

KARREN VERGARA  |  MONDAY, 18 FEB 2019
... said: "Class has a great foundation and I see enormous potential to increase our market share and generate additional revenue from our core business, and to develop new income streams." In the six months to December 2018, Class reported a 12% growth ...

K2 posts losses, signs on distributor

KANIKA SOOD  |  THURSDAY, 14 FEB 2019
K2 Asset Management has signed a new distribution agreement for its funds as the business posted close to $560,000 in after-tax losses for the six months to December 31. Principals Funds Management will distribute K2's funds. The company specialises ...

Westpac mulls sale of in-house planners

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
... of the planners attached to the Westpac Banking Corporation AFSL. The deal would see the buyer net about 150 of the top revenue-writing WBC planners, and the remainder of the business would eventually be wound down. There are currently about 330 authorised ...

Freedom Insurance suspends trading

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... review headed by Deloitte found new sales of its life products are no longer viable. Further, in the absence of incoming revenue and repaying commissions, the board flagged a potential liquidity shortfall during calendar 2019, but indicated that the ...

Synchron slams RC on commissions

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... realise that advisers selling books of clients that were generating grandfathered commissions were receiving about two times revenue," he said. "January 1 2021 is two years away, so the recommendation means advisers with these books will receive two ...

Grandfathered commissions deadline challenging: AFA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 FEB 2019
... Future of Financial Advice reforms were implemented in July 2013 - almost six years ago. Today, about 4% of the group's revenue is still derived from grandfathered commissions but this is expected to be converted by 2021. "Fiducian sees no need to alter ...

Sequoia chief resigns

KARREN VERGARA  |  TUESDAY, 5 FEB 2019
... identification and sourcing of new acquisition opportunities," Crole said. June 2018 financial results show Sequoia reported revenue of $75.6 million, up 115.7% year on year. Net profit was $2.4 million for the period. Sequoia has a team of 80 in Sydney ...

Asia Funds Passport takes flight

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... overhaul the tax system. Currently, the FSC said, the taxation of Australian managed funds seems high, despite relatively low revenue being garnered from them. "The Australian tax regime for managed funds is complicated, with high tax rates and many ...

Link sells a slice of $1.5 billion acquisition

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
... management and outsourcing services. It catered to Link's UK and Europe clients and generated about $78 million in revenue[DS1] [DS2]. After the sale, the LAS business will retain three operation areas: corporate markets, funds solutions, banking ...

Most clients coping with financial stress: Poll

KARREN VERGARA  |  TUESDAY, 29 JAN 2019
... experiencing financial stress. This leads to workers taking about 2.5 extra sick days a year and $31.1 billion in lost revenue for businesses. Financial stress tends to affect women (24%) more than men (14%), the report said. The good news is that financial ...