Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 4654 results for "RAISE"

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 ...

Vanguard to acquire custodian Altruist

KARREN VERGARA  |  FRIDAY, 28 AUG 2026
... documents to generate a tax plan within minutes. Vanguard was one of the first backers of the start-up, taking part in a raise that took in US$600 million from investors from the likes of Insight Partners, GIC, Venrock and Salesforce Ventures. Bill McNabb ...

FSC raises the bar for PC managers with fresh standards

MATTHEW WAI  |  WEDNESDAY, 26 AUG 2026
The Financial Services Council (FSC) has released a new standard and guidance note for members on private markets, with a special focus allocated for private credit managers. Both the FSC Standard No. 30: Private Markets Best Practice Principles (mandatory) ...

FAAA welcomes 'widow's tax' changes in CGT, negative gearing reforms

KARREN VERGARA  |  TUESDAY, 25 AUG 2026
The Financial Advice Association Australia (FAAA) says it welcomes the legislative changes aimed at addressing the so-called "widow's tax," noting the amendments will protect grieving families and individuals navigating relationship breakdowns from ...

Super-backed venture fund raises $1bn from global investors

RIDDHIMA TALWANI  |  TUESDAY, 25 AUG 2026
... stages. Blackbird partner Samantha Wong said: "We're honoured to welcome a number of new investors from around the world. This raise reflects both the growing global interest in Australian and New Zealand founders and the enormous opportunity ahead ...

APRA targets platform trustees, welcomes stronger powers

KARREN VERGARA  |  THURSDAY, 20 AUG 2026
... a stronger incentive for trustees to remediate poor investment governance." "APRA's investment governance reforms aim to raise standards across the sector and reduce the likelihood of member harm from poor investment options. Together, these key reforms ...

Mulino brings New Class of Advisers to life, guarantees fairer CSLR funding

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
Assistant treasurer Daniel Mulino will forge ahead with the New Class of Advisers (NCAs) as part of highly anticipated Delivering Better Financial Outcomes (DBFO) reforms and laid out a blueprint of how the Compensation Scheme of Last Resort (CSLR) ...

L1 Group profit jumps 97%, raises post-merger synergy target

RIDDHIMA TALWANI  |  MONDAY, 17 AUG 2026
L1 Group has reported an underlying profit of $189 million for the financial year 2026, up 97% from the previous year. Funds Under Management (FUM) jumped 17% to $19.1 billion as of June 30. The board declared a final dividend of two cents per share ...

Centuria Bass freezes private credit fund redemptions

RIDDHIMA TALWANI  |  MONDAY, 17 AUG 2026
Centuria Bass has temporarily paused redemptions and applications to two of its private credit funds, the Centuria Bass Credit Fund and the Bass Property Credit Fund, over increased redemption requests driven by concerns on borrower Bathla Group, a ...

Bell Financial Group profit surges 133%

VINNY VUCAGO  |  FRIDAY, 14 AUG 2026
Bell Financial Group has reported a 133.3% increase in first half net profit after tax (NPAT) to $21.7 million, supported by stronger market conditions and increased trading activity. Revenue for the six months to 30 June 2026 rose 36.3% to $165.6 million ...