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Showing 241 - 250 of 2825 results for "Division"

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... of JANA in 1H23 and repricing of investor mandates and divestment of IOOF Ltd, it said. Net revenues in the platforms division rose 0.9%, also largely because of the higher average FUMA. Operating expenses in this division increased nearly 3% to reflect ...

Losses further sink Lendlease

KARREN VERGARA  |  MONDAY, 19 AUG 2024
... The development and construction units' earnings were partially offset by lower contributions from the investments division. The investments unit's EBITDA was $174 million for the period, down 48% year on year. This was markedly lower due to ...

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... federal securities laws, which are essential to investor protection and well-functioning markets," SEC director of the division of enforcement Gurbir S. Grewal said. Last year, BNP Paribas Securities, Moelis & Company, and Wells Fargo and many others ...

New mandate boosts JANA's wealth division

MATTHEW WAI  |  WEDNESDAY, 14 AUG 2024
JANA Investment Advisers has been mandated by a Melbourne advice firm to provide managed account consulting services. JANA announced a new agreement with Investor Wealth, providing consultancy and support services related to managed accounts, including ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... supporting higher margins and return on equity. Meanwhile, Challenger's funds under management (FUM) in its Funds Management division grew 19% to $117 billion. However, EBIT for the division declined 11% to $55 million, due to changes in the business ...

ASFA pushes for tax redistribution to benefit low-income workers

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
... the revenue generated from the government's planned additional taxation on superannuation balances above $3 million (Division 296) and for those earning $250,000 plus (Division 293). The advocacy body has recommended that $750 million of the revenue ...

Zenith head of research calls time

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
... best-of-breed investment research offering. "We sincerely thank Bronwen for her significant contribution to Zenith's research division and the broader business," he said. Recruitment for a new group head of research has commenced, but in the meantime ...

AMP sells advice licensees to Entireti, AZ NGA

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... advisers within the Superannuation and Investments business to deliver largely intra-fund advice to super members. This division saw its underlying NPAT increase 21.4% in the first half to $34 million, with a 52.7% improvement in net cash inflows. "AMP ...

Wilsons Advisory snaps up private wealth practice

ELIZA BAVIN  |  FRIDAY, 2 AUG 2024
Statton Partners will join Wilsons Advisory Private Wealth division, adding the firm's clients, client assets and advisers to the business. The Statton Partners team will be moving into Wilsons Advisory's Sydney offices in the coming months ...