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Showing 261 - 270 of 1419 results for "1885 book"

Challenger expects to reach full-year profit guidance

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
Despite a dip in funds under management (FUM), Challenger expects to be toward the upper end of its full-year profit guidance range. Challenger reported its FUM as being $100 billion, down 8% for the quarter. The company said this fall reflected the ...

Westpac now an open book on pay

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
Westpac has informed employees they are now free to discuss their salaries with one another, saying it will no longer enforce confidentiality clauses in contracts. Making the announcement yesterday, Westpac said its decision actually dates back to December ...

Practice valuations to normalise: Report

JAMIE WILLIAMSON  |  THURSDAY, 24 MAR 2022
Financial advice practice valuations are expected to regulate this year and will continue to trade at a premium, so long as financing terms remain favourable. That's the prediction of Centurion Market Makers, outlined in its 2022 Practice Acquisition ...

Adviser numbers close in on 17k

KARREN VERGARA  |  FRIDAY, 18 MAR 2022
The number of financial advisers is close to dipping below the 17,000 mark as more than 700 recently exited the industry. As of March 17, the ASIC Financial Adviser Register recorded 17,246 active advisers, Rainmaker modelling of the data reveals. On ...

ASX24 outage sparks concern

ELIZABETH MCARTHUR  |  FRIDAY, 18 MAR 2022
At 10am yesterday, the ASX identified a hardware related issue with its options and futures market ASX24 and placed it into a halt. ASX24 was not operational again until after 2pm, with the ASX reporting that the issue was confirmed to be caused by ...

WT Financial Group acquires Synchron

KARREN VERGARA  |  TUESDAY, 15 MAR 2022
ASX-listed WT Financial Group (WTL) is set to acquire Synchronised Business Services for $8 million. The transaction will create one of the country's largest non-aligned dealer groups with more than 600 advisers and $16 billion in funds under advice. ...

Value strategy drags Clime's performance

KARREN VERGARA  |  MONDAY, 28 FEB 2022
Clime Investment Management's value and quality-based investing strategies pushed the group's performance well into the red in the half-year to December. The ASX-listed firm reported a $282,344 loss in investments, assets which were worth significantly ...

Expansion strategy boosts Sequoia results

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
The diversification strategy of Sequoia Financial Group's licensee services business has delivered strong results in the interim reporting period. The professional services division, which provides licensed services to financial advisers, as well ...

Challenger delivers strong result

ELIZABETH MCARTHUR  |  THURSDAY, 17 FEB 2022
Challenger delivered an upbeat half-year result, with assets under management and earnings growth. The company reported group assets under management of $115 billion, up 20%. Life sales were up 44% to $4.9 billion and life book growth was up 8.4% or ...

Skill shortages hitting advice firms hard

ELIZABETH MCARTHUR  |  MONDAY, 14 FEB 2022
The financial advice sector is facing a shortage of skills, forcing firms to change how they do things to attract talent. Profusion divisional director Chris Gordon said he has observed a skilled staff shortage in advice, particularly for client service ...