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Showing 381 - 390 of 6744 results for "Profit"

Netwealth FUA nears $90bn

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... 18% on the prior corresponding period. Netwealth's total income reached $255.2 million, up 18.9%, while statutory net profit after tax rose 24.1% to $83.4 million. "We have expanded and strengthened our new adviser and licensee relationships, plus ...

Industry demands action to stop abusers claiming victims' super

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
... and other "key ministers" to reform superannuation death benefit laws to ensure family violence perpetrators can't profit from their abuse. These industry bodies have proposed expanding the forfeiture rule to family violence-related crimes, which ...

Australia sees jump in zombie companies

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
A new study from global consulting firm Kearney revealed the number of zombie companies in Australia increased 13.6% in the past year. Zombie companies - those which don't produce enough profits to cover debt obligations - now account for 5.8% of ...

Chief financial officer roles 'widely ambiguous': Research

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
... interviews with 12 chief financial officers from Australia and Sri Lanka across a range of industry settings in both the profit and not-for-profit sectors, including mining, education, healthcare, pharmaceutical and financial services, and professional ...

Pinnacle FUM soars 20%, introduces new boutique

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... The multi-boutique reported total FUM of $110.1 billion at the end the 2024 financial year. It earned $90.8 million in profit from its 15 affiliates, up 35% from $67.4 million in FY23. Thirteen affiliates contributed $31.2 million to net profit after ...

Adviser profits up despite client loss: Investment Trends

KARREN VERGARA  |  TUESDAY, 30 JUL 2024
... have lost nearly 18% of their client books because of fee increases in the last financial year but are reporting higher profit margins, a new Investment Trends analysis shows. Advisers went from servicing 120 clients on average in 2023 to 99 in 2024 ...

New mandates boost Clime FUM

KARREN VERGARA  |  MONDAY, 29 JUL 2024
Clime Investment Management won two mandates collectively worth $300 million, one of which came from Clearwater Portfolio Management. Clearwater Portfolio Management handed Clime $240 million to help manage the funds on behalf of Victorian financial ...

Positives remain at Perpetual, says Morningstar

JAMIE WILLIAMSON  |  THURSDAY, 25 JUL 2024
... the market is currently underappreciating these points, he said. Still, he said the expectation is that underlying net profit after tax will increase by very low single digits over the next four years while Perpetual's cost/income ratio remains flat ...

ART executive takes lead super role at Insignia

JAMIE WILLIAMSON  |  THURSDAY, 25 JUL 2024
After announcing his departure from Australian Retirement Trust (ART) yesterday, Dave Woodall has been named chief executive of superannuation at Insignia Financial. Earlier this month, Insignia Financial announced an overhaul of its leadership team. ...

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 ...