Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 161 - 170 of 3540 results for "ASX 100"

Countplus grows advice arm, discontinues Wealth Axis

JAMIE WILLIAMSON  |  MONDAY, 27 FEB 2023
Countplus reported growth in advisers of 13% in the first half and a 17% increase in wealth segment revenues, while also announcing it will discontinue Wealth Axis' operations. Filing its 1H23 results with the ASX this morning, Countplus' revenues were ...

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
Insignia Financial recorded a 67% increase in net profit after tax for the first half, while also seeing a drop in its funds under management and administration of $5.5 billion. Reported to the ASX today, Insignia's NPAT was $45.1 million, a significant ...

ASIC cracks down on CHESS issues

KARREN VERGARA  |  WEDNESDAY, 22 FEB 2023
ASIC is further clamping down on the ASX to ensure that it successfully comes through on replacing CHESS after botching its attempt to overhaul it with blockchain. Following Accenture's external review into the 25-year-old settlements system, ASIC ...

Link due to settle defunct Woodford fund with FCA

KARREN VERGARA  |  MONDAY, 20 FEB 2023
Link Group flagged it is in "advanced confidential discussions" with the UK's financial markets regulator to settle its investigation against the failed Woodford Equity Income Fund. The case has dragged on since 2019, when fundie Mark Woodford went ...

GQG Aussie inflows up, total FUM slumps

KARREN VERGARA  |  FRIDAY, 17 FEB 2023
GQG Partners reported positive inflows for its local business but saw profit and overall assets under management decline across the board. Total assets under management slumped 3.5% to US$88 billion ($128bn), according to full-year results ending December ...

Magellan profits down 67%

CHLOE WALKER  |  THURSDAY, 16 FEB 2023
After a period of turbulence, Magellan reported statutory net profit after tax of $83.8 million for the second half of 2022 - down 67%. The group reported the drop to the ASX this morning, though did declare an interim dividend of 46.9c per share, 85% ...

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 ...

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
Challenger had an increase in net profit before tax despite a significant drop in statutory net profit after tax due to negative market movements. Challenger's 1H23 net profit before tax (NPBT) rose 5% to $250 million, with the higher earnings driven ...

Fiducian expands adviser base, increases FUA

KARREN VERGARA  |  MONDAY, 13 FEB 2023
Fiducian saw the number of its financial advisers grow from 66 to 84 representatives in the second half of 2022 and flagged that another five franchises are in the process of joining the fold. Releasing its half-year report on the ASX this morning ...

Platinum Asset Management adds stewardship lead

RACHEL ALEMBAKIS  |  FRIDAY, 10 FEB 2023
Platinum Asset Management has hired a head of stewardship. Julia Bailey joins Platinum Asset Management from Melior Investment Management, where she was head of advocacy. Platinum head of investment Douglas Isles cited Bailey's almost 20 year-experience ...