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| | | ... 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 ... |
| | | | 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. ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
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