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

Search Results

Showing 291 - 300 of 1552 results for "Offset"

Mainstream revenue up 18%

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... assets. The total number of funds it administered grew from 1078 in FY20 to 1416 in FY21. Some smaller funds exited but were offset by new clients, the firm said. Its total global clients now stand at 380, an increase of 350 from FY20. Majority of the ...

Link profit slips

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
... regulatory changes which led to a reduction in members and the normalisation of non-recurring project revenue, partially offset by strong member and services growth, Link said. RSS renewed its major clients including Cbus and HESTA. Meanwhile, corporate ...

ASIC settlement hits E&P profits

KANIKA SOOD  |  TUESDAY, 24 AUG 2021
... we expect this positive momentum in E&P Wealth and E&P Capital, coupled with lower levels of extraordinary expenses, to offset the diminishing contribution of E&P funds." In FY20, Evans Dixon (as the company was then called) posted a statutory loss of ...

HUB24 profits, inflows rise

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... growth prior to $7.5 million in transaction costs related to Xplore Wealth, Ord Minnett and Easton which was partially offset by a $1.4 million gain on the sale of Paragem. HUB24 saw record platform net inflows of $8.9 billion which was up 82% on FY20. ...

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
Magellan Financial Group will start paying taxes at the full 30% rate from FY24, as the government abolishes laws that allowed it to pay only 10% tax on offshore earnings. MFG paid tax at 21.4% in the year ending June, lower than the 30% tax rate that ...

Shadforth appoints Queensland head

KANIKA SOOD  |  TUESDAY, 3 AUG 2021
... self-employed advice business for the June reporting period, which the firm said was expected. The outflows were partially offset by $0.4 billion of flows from new self-employed advisers joining the licensees as well as organic inflows. Earlier this ...

IOOF advice outflows soar

ANNABELLE DICKSON  |  THURSDAY, 29 JUL 2021
... self-employed advice business. However, the group said this was expected under its Advice 2.0 strategy. The outflows were partially offset by $0.4 billion of flows from new self-employed advisers joining the licensees as well as organic inflows. It follows ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... offsets these against the levy. The problem is that a massive lag exists between the time ASIC recoups such costs to the offset trickling down to the smaller players. "So, when we recover from the big end of town, the small end of town doesn't see ...

Chief economist update: Delta variant infects Australian economy

BENJAMIN ONG  |  TUESDAY, 29 JUN 2021
"They gathered for the feast They stab it with their steely knives, But they just can't kill the beast." - The Eagles, 'Hotel California' Only a few days after the Reserve Bank of Australia (RBA) kept monetary policy settings unchanged and ...

J.P. Morgan AM acquires forestry manager

KARREN VERGARA  |  TUESDAY, 22 JUN 2021
... Asset Management has acquired a forest management and timberland investing firm in a bid to actively participate in carbon offset markets. BrightSphere Investment Group has sold its 75% stake in Campbell Global to J.P. Morgan AM for an undisclosed amount. ...