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Showing 1 - 10 of 14112 results for "Group 1"

Equity Trustees super exit sparks Hejaz Islamic Super and Pension closure

KARREN VERGARA  |  MONDAY, 31 AUG 2026
Hejaz's Islamic Super and Pension products will be terminated as a fallout from Equity Trustees ditching the superannuation trustee business. Hejaz Islamic Super had 2600 members and more than $98 million in retirement savings at the end of March ...

Sequoia revokes dividends, chief financial officer exits

RIDDHIMA TALWANI  |  MONDAY, 31 AUG 2026
Sequoia will not pay any dividends in the financial year, revoking interim dividend it had announced earlier in the year of one cent per share, as an adviser exodus puts pressure on its revenue. In addition, the group announced its chief financial officer ...

FEATURE | Managed accounts | Industrialising advice

RIDDHIMA TALWANI  |  MONDAY, 31 AUG 2026
... ownership, both sitting under the managed accounts wrapper. Speaking at a recent industry event, Generation Development Group (GDG) chief executive Grant Hackett also points to the tax advantage for direct assets sitting under managed accounts. "If you're ...

Capital Group makes C-suite appointment

ELIZA BAVIN  |  FRIDAY, 28 AUG 2026
Capital Group has named a new chief information officer to be based in California and set to take on the role in November. Guillermo Veiga will take on the role, succeeding Marta Zarraga, who will retire at the end of the year. Veiga will relocate to ...

Centuria steps away from joint-chief executive model

RIDDHIMA TALWANI  |  FRIDAY, 28 AUG 2026
Centuria Capital will be led solely by Jason Huljich from November 27, who will take the role of group chief executive, after joint chief executive John McBain decided to step down from the role, which will also come into effect on the same date. Centuria ...

Perpetual weighed down by wealth management business

MATTHEW WAI  |  THURSDAY, 27 AUG 2026
Perpetual Group recorded "stable" revenue of $1.4 billion in FY26, as growth was affected by lower asset and wealth management revenue. Operating revenue of $1.4 billion was stable year-on-year, with revenue growth reflected by its corporate trust division ...

Super trustee business dents Equity Trustees' FY26 results

MATTHEW WAI  |  THURSDAY, 27 AUG 2026
Equity Trustees (EQT) posted substantial growth in profits in the financial year ending June 30, despite sustaining a $7.5 million loss from its super trustee business over the period. EQT Group's net profit after tax (NPAT) was $26.4 million, reflecting ...

GDG posts 21% profit rise as record inflows lift FUM

VINNY VUCAGO  |  THURSDAY, 27 AUG 2026
Generation Development Group (GDG) has reported a 21% increase in underlying net profit after tax to $40.7 million for FY26, driven by a record $9.7 billion in net inflows and a 37% increase in funds under management (FUM). Group revenue rose 23% to ...

MFG profit falls 47% as Barrenjoey lifts combined earnings

VINNY VUCAGO  |  THURSDAY, 27 AUG 2026
Magellan Financial Group's (MFG) statutory net profit has fallen 47% to $88 million in FY26, despite stronger earnings from Barrenjoey helping lift the combined group's operating profit. MFG reported a 9% decline in operating profit after tax ...

Centrepoint takes control of QLD advice group

VINNY VUCAGO  |  THURSDAY, 27 AUG 2026
Centrepoint Alliance will acquire a 51% controlling stake in Queensland-based financial advice business SEQ Advice Group Pty Limited (SEQ), with the deal expected to initially contribute about $600,000 in annualised EBITDA. The acquisition forms part ...
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