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Showing 341 - 350 of 3397 results for "Revenue"

Australia sees jump in zombie companies

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
... zombie companies due to a post-pandemic recovery. Smaller companies, particularly those generating less than $10 million in revenue, were more vulnerable to becoming zombie firms as they typically lack financial resilience, the report found. Kearney ...

AMP sells advice licensees to Entireti, AZ NGA

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... improvement of 40% year on year. It also said adviser exits stabilised over the period and that adviser satisfaction is at 80%. Revenue per practice has increased by 11.6% since the same time last year. AMP Advice practices within NewCo will continue ...

UniSuper's environmental option returns -16%

JAMIE WILLIAMSON  |  TUESDAY, 30 JUL 2024
The fund's Global Environmental Opportunities (GEO) option returned a dismal -15.96% in FY24, but chief investment officer John Pearce says the growth themes remain intact, adding it's on a more solid footing than in FY21 when returns soared ...

New mandates boost Clime FUM

KARREN VERGARA  |  MONDAY, 29 JUL 2024
... in the fourth quarter thanks to the newly won business. It expects the wins to deliver $0.8 million of annual recurring revenue in FY25. During the quarter, Clime finalised its divestment of Madison Financial Group and managed accounts platform WealthPortal ...

Future Fund hires Fortlake investments deputy

ELIZABETH FRY  |  MONDAY, 29 JUL 2024
... tie-up with Colonial First State that was finalised on May 30. Under the terms of the deal, CFS will get 12% of future revenue and, in return, will assume back-office functions such as responsible entity, trustee, and distribution and marketing. Fortlake ...

Positives remain at Perpetual, says Morningstar

JAMIE WILLIAMSON  |  THURSDAY, 25 JUL 2024
... institutional clients, constituting about two-thirds of FUM excluding cash." He also noted that Pendal did not provide any revenue synergies, with 80% of the total outflows seen in FY24 - $18.5 billion - coming from Pendal. However, Ler noted that fee ...

How advisers can reap additional $2.1bn in revenue

KARREN VERGARA  |  THURSDAY, 25 JUL 2024
Financial advisers are poised to generate $2.1 billion in new revenue over the next five years and add nearly 500,000 clients to their books if they are proactive in managing seven key factors, Deloitte Access Economics says. Despite the enormous regulatory ...

SMSFs thrive amid ATO compliance complications

MATTHEW WAI  |  THURSDAY, 25 JUL 2024
... Summit. According to the Investment Trends 2024 SMSF Adviser and Accountant Report, there has been a significant increase in revenue from SMSF clients year-on-year, consolidating the market's sentiment in engaging the particular service. To accommodate ...

Sequoia chief reappointed, hunt for successor kicks off

ANDREW MCKEAN  |  WEDNESDAY, 24 JUL 2024
... report FY24 numbers in late August, and despite "significant disruption" to the business over recent months, will see revenue of approximately $125 million and normalised EBITDA of around $8.5 million in its full-year results.

Generation Development Group corrals complete ownership of Lonsec

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... growth supported by strong industry and regulatory tailwinds and is expected to provide access to resilient recurring revenue streams from its core research offering," Coombe said.