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Showing 371 - 380 of 1388 results for "Inflows"

Moelis Australia reports record results

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... than the June 2020 half's $67.4 million. Its assets under management grew to $6.1 billion (21% increase) including net inflows $506 million (220% increase). Revenue for the segment grew by 94%, including a 28% in base fees. Corporate advisory revenue ...

Netwealth boosts profit

ANNABELLE DICKSON  |  WEDNESDAY, 18 AUG 2021
The platform recorded net profit gains and a substantial increase in funds under administration as it expects inflows to hit $10 billion in the next financial year. In its full-year results, Netwealth posted a 23.9% increase in net profit to $54.1 million. ...

Fiducian's FUA inches to $4bn

KARREN VERGARA  |  MONDAY, 16 AUG 2021
... services of an adviser. Fiducian's FUA went up $700,000 to $3.7 billion in the year to June 2021, thanks to acquisitions, inflows and market performance. However, going forward some adjustments may be needed to the FUA because grandfathered clients ...

Praemium FUA doubles, profit slips

ANNABELLE DICKSON  |  MONDAY, 16 AUG 2021
... million. The Australian platform FUA recorded 223% growth to $18.38 billion which is attributed to the Powerwrap acquisition. Inflows were up 149% at $2.6 billion. Meanwhile, the international platform, which is up for sale, recorded 55% growth in FUA ...

AMP flags recovery, profit jumps

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
... Wealth management assets under management grew 6% to $131 billion thanks to market performance. Platform North saw net inflows of $1.4 billion while AUM rose 10% to $57 billion. Outflows across all products totalled $2.7 billion, which was less severe ...

Pinnacle NPAT doubles in FY21

KANIKA SOOD  |  FRIDAY, 6 AUG 2021
Pinnacle Investment Management reported a 108% increase in net profit after tax to $67 million in FY21, after strong inflows and good performance. Its boutique partners' total FUM at June end was $89.4 billion, up 52% from FY20. The FUM has grown at ...

Shadforth appoints Queensland head

KANIKA SOOD  |  TUESDAY, 3 AUG 2021
... were partially offset by $0.4 billion of flows from new self-employed advisers joining the licensees as well as organic inflows. Earlier this week, the Federal Court found that RI Advice Group failed to provide rigorous oversight of a former financial ...

IOOF advice outflows soar

ANNABELLE DICKSON  |  THURSDAY, 29 JUL 2021
... were partially offset by $0.4 billion of flows from new self-employed advisers joining the licensees as well as organic inflows. It follows the acquisition of MLC which, on 1 June 2021, saw 406 MLC advisers join with IOOF advice licensees. At the end ...

Pendal open to more acquisitions

KANIKA SOOD  |  FRIDAY, 23 JUL 2021
... tax $82.6 million in the half-year ending March. It was a beneficiary of strong markets, good performance fees, and net inflows. The TSW acquisition increases its FUM by about 30% to over $132 billion. The company expects earnings per share to double ...

BlackRock hits US$9.5tn milestone

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... presented by sustainable factors. This is resonating with our clients and we generated $35 billion of sustainable net inflows in the quarter." Vanguard, the second-largest global fund manager, reported US$7.9 trillion ($10.6tn) of assets at the end of ...