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Showing 241 - 250 of 6743 results for "Profit"

TAL director named CEDA chair

ELIZA BAVIN  |  MONDAY, 10 MAR 2025
... month. CEDA chief executive Melinda Cilento said Bartlett brings a depth of experience across both the business and non-profit sectors, making her ideally placed to guide CEDA as it embarks on its new Progress 2050 vision for Australia's economic and ...

Tokenisation can save US$135m in back-office costs: Study

KARREN VERGARA  |  FRIDAY, 7 MAR 2025
... would lead to less manpower to perform tasks such as checking and managing share dealing and translate to a 30% benefit to profit on average. For the average fund, tokenisation is expected to generate a 30% cost saving on fund accounting, 25% on transfer ...

JBWere nabs duo from Perpetual

ELIZABETH FRY  |  THURSDAY, 6 MAR 2025
... David Hurley was an associate Partner at Perpetual for more than seven years, providing investment advice to a range of non-profit and private clients across Australia. As part of his role he worked with clients to develop long-term investment strategies ...

PIMCO names wealth management lead

ELIZABETH FRY  |  THURSDAY, 6 MAR 2025
... 2010, responsible for distributing customised managed account portfolios to national dealer groups, advisers and not-for-profit organisations. Previously, he worked for Ascalon Capital Managers, part of the Westpac Group, for over six years. He has 20 ...

abrdn embraces letter 'E' again

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAR 2025
... channel. Net operating revenues for the investments business were down 9% in 2024 to £797 million, while adjusted operating profit rose 22% to £61 million. Institutional and retail wealth gross inflows were up 31% to £25.5 billion, however net inflows ...

Insignia Financial takes $53.5m profit hit

ELIZA BAVIN  |  TUESDAY, 4 MAR 2025
Insignia Financial will take a $53.5 million profit hit after electing not to exercise an early repayment request from NAB. Insignia issued $200 million of subordinated loan notes (SLNs) to NAB in May 2021 as part of the funding package to finance the ...

Outlook favourable for practice valuations: Guide

JAMIE WILLIAMSON  |  FRIDAY, 28 FEB 2025
Buyers of financial planning practices and client books are becoming more focused on profit, leading acquirers to be much more discerning when it comes to fee per client - but they should continue to trade at a premium to other small businesses. According ...

Clime Investment Management lands new strategic partnerships

ANDREW MCKEAN  |  FRIDAY, 28 FEB 2025
... kept the finer details under wraps in its ASX half-year results to 31 December 2024. The company reported an operating profit of $406,000, up 137% from the prior corresponding period, crediting the gain to structural changes implemented in the second ...

ClearView Wealth's profit bleeds 22% in HY25

MATTHEW WAI  |  FRIDAY, 28 FEB 2025
ClearView Wealth's profit took a blow with its underlying net profit after tax (UNPAT) down 22% to $15.2 million in the six months to 31 December 2024, saying the slump was due to an "aberration" in the claims experience in the first quarter of FY25. ...

GDG sees profits soar $74m

ELIZA BAVIN  |  FRIDAY, 28 FEB 2025
Generation Development Group (GDG) saw net profit after tax jump to $78.9 million in the half year to December 31, up from $4.4 million in the prior corresponding period. The massive jump in profit comes after GDG completed its acquisition of Lonsec ...