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Showing 11 - 20 of 44 results for "FUMA"

Insignia Financial profits jump 59% to $234.5m

CASSANDRA BALDINI  |  THURSDAY, 25 AUG 2022
... the benefits of recent acquisitions." Meanwhile, its combined funds under management (FUM) and funds under administration (FUMA) dropped almost 7%. It reported that FY22 FUM is $92.3 billion down from $97.7 billion and FUA FY22 sits at $205.2 billion ...

IOOF reveals first results as Insignia

ELIZABETH MCARTHUR  |  THURSDAY, 24 FEB 2022
... results as Insignia Financial delivered a strong uplift in financial performance, with significant growth in underlying profit, FUMA and gross margin," chief executive Renato Mota said. "Our strategy for growth centres on scale, economic diversity, and ...

Super unit boosts Equity Trustees performance

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
Equity Trustees' major superannuation client wins in the last financial year saw the business unit more than triple its assets. The superannuation business' funds grew from $11.2 billion to $33.6 billion year on year. It now provides trustee services ...

IOOF advice outflows soar

ANNABELLE DICKSON  |  THURSDAY, 29 JUL 2021
... decisions," Mota said. "This gives us a strong platform for future growth, including the enhanced ability to attract new FUMA though our extended scale and reach." IOOF expects a one-off non-cash impairment charge of $200 million, subject to final audit ...

Fiducian profit, growth jump

ANNABELLE DICKSON  |  MONDAY, 15 FEB 2021
ASX-listed Fiducian Group recorded a 7% increase in net profit to $5.7 million and a steady rise in funds under management, advice and administration (FUMAA) in its half-year results. The group which includes funds management, financial advice and corporate ...

IOOF appoints executive, continues growth push

ELIZA BAVIN  |  THURSDAY, 29 OCT 2020
... support the transformation of the business." The announcement came as part of IOOF's quarterly business update, which showed FUMA is now at $202.8 billion as at September 30. The company said net inflows from its advice business of $110 million, excluding ...

IOOF increases FUMA, lifts remediation costs

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... executive Renato Mota said: "The recent recovery in equity markets has been the major contributor to the $6.7 billion uplift in FUMA and pleasingly, we have continued to attract strong flows into our platforms. That said, the impacts of the COVID-19 ...

IOOF advice remediation hits $235m

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... year, which includes the provision for financial advice remediation. Total funds under management, administration and advice (FUMA) stood at $149.5 billion, up 18.7% year on year. The group declared a final dividend of 12 cents per share and a special ...

Outflows dent IOOF advice, funds businesses

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... completing the transition of 661 former ANZ-aligned dealer groups. Its funds under management, administration and advice (FUMA) rose to $137.8 billion during the quarter, of which $17.3 billion came from the new advisers. The net flows from the advice ...

Fiducian continues growth trajectory

JAMIE WILLIAMSON  |  FRIDAY, 17 AUG 2018
Fiducian Group has reported a 21% rise in underlying net profit and a $1 billion lift in funds under management, administration and advice. Releasing its full year results today, Fiducian recorded $10.5 million in UNPAT and an 18% increase in FUMAA ...