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Showing 371 - 380 of 2127 results for "Financial Year"

Meat industry super fund rebrands

KARREN VERGARA  |  MONDAY, 9 OCT 2023
... under management. According to APRA's FY23 statistics, its MySuper option made a net return of 11.2% in the last financial year. Its Shares Option (formerly High Growth) failed the latest performance test by more than 0.50% per annum. "Our work isn't ...

Insto injects further $530m in Qualitas

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
... shares in Qualitas. If exercised, it effectively enables ADIA to acquire up to 9.99% of the business. For the 2023 financial year, the ASX-listed firm saw its top and bottom-line surge by more than 80% year on year. Revenue jumped to $73.4 million while ...

Count to take over Diverger

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
... Diverger's board is also in favour of the takeover. Diverger has about 200 advisers and $12 billion in FUMA. Last financial year, it generated net revenues of $37.6 million and net profit after tax and amortisation of $4.7 million. Diverger provides ...

Perpetual shutters innovation fund, Pendal funds

JAMIE WILLIAMSON  |  THURSDAY, 14 SEP 2023
Despite returning over 40% last financial year, Perpetual is terminating a six-year-old global equities fund. It will also shutter several Pendal funds in November. The Perpetual Global Innovation Share Fund was launched in June 2017 and invested in ...

Young Aussies flock to SMSFs

KARREN VERGARA  |  THURSDAY, 14 SEP 2023
... 56 (52.7%) and Millennials aged 27 to 41 (23.7%) collectively drove 76.4% of new fund establishments in the 2023 financial year. Baby Boomers, aged 57 to 71, account for 21.3% of establishments. Citing ATO data, the median age of members for all newly ...

Sequoia liquidates Libertas Financial Planning

KARREN VERGARA  |  FRIDAY, 1 SEP 2023
... Sequoia also paid $1.05 million in cash upfront. The announcement comes amidst Sequoia reporting a difficult 2023 financial year thanks to financial advice-related claims dating back several years, the equities markets downturn, and prevailing uncertainty ...

Madison acquisitions strengthen top line

KARREN VERGARA  |  THURSDAY, 31 AUG 2023
Madison Financial Group's acquisition of three businesses in the 2023 financial year drove a 12% increase in revenue to $15.4 million. MTIS Wealth Management, Investment Strategists Accounting Services and Ralton Asset Management helped boost the ...

Future Fund posts 6% return

JAMIE WILLIAMSON  |  WEDNESDAY, 30 AUG 2023
... average return over 10 years sits at 8.8%. "Share markets were surprisingly strong through the second half of the financial year as they appeared to be pricing in a "Goldilocks" scenario. Whilst this would be a welcome outcome, we see risks on the downside," ...

Russell adds to sustainable managed portfolios

KARREN VERGARA  |  TUESDAY, 29 AUG 2023
... default option for iQ Super, Nationwide Super and Resource Super members, has posted returns up to 13.5% in the 2023 financial year.

ART, AvSuper closer to merging

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... the transfer of the defined benefits accounts to ART. AvSuper's Growth MySuper option returned 11.4% in the last financial year. "In a year of continuing market volatility, we achieved improved performance across all investment options. Whilst we all ...