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Showing 401 - 410 of 6744 results for "Profit"

Inflation pummels adviser pay by 20%

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
... business is a major worry for advisers. About one third (34%) of advisers said cost base increases and pressure to make a profit were challenges. Compliance burdens and constant legislative change continues to be the top challenge, according to 38% of ...

The investment managers winning the biggest mandates

ANDREW MCKEAN  |  TUESDAY, 9 JUL 2024
Some investment managers still scored large mandates despite an overall nosedive in appointments by not-for-profit super funds. Alphinity, which manages $31.39 billion of Australian-sourced funds, was awarded a $2.92 billion international equites mandate ...

Regulation, profitability top adviser worries: BT

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... advisers. "We are a business that aggressively pursues growth and our turnover is increasing year-on-year. So too is our profit but our margins are being squeezed. If your business is stagnant and you are not bringing in new clients and increasing revenue ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
ASIC's regulation activity for the 2024 financial year is expected to slug financial advisers $48.39 million collectively as the annual levy does not appear to be reducing. Licensees that provide personal advice to retail clients on relevant financial ...

AWAG invests in advice firm, adds to network

KARREN VERGARA  |  MONDAY, 8 JUL 2024
The Australian Wealth Advisors Group (AWAG) has taken a stake in Melican Financial Planning and added Murdoch Private Wealth to its licence. ASX-listed AWAG took a 20% stake in Melican Financial Planning, a firm that provides accounting, mortgage broking ...

MLC MySuper option returns 9.8%

ANDREW MCKEAN  |  FRIDAY, 5 JUL 2024
... in which the MySuper growth portfolio is invested - led the charge with a 192% stock price gain given strong revenue and profit growth." The portfolio also benefited from its investments in extended and alternative credit strategies. Gamerov added that ...

Rest's MySuper option returns 8.67% in FY24

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
Rest's core strategy default MySuper investment option, where most of its two million members are invested, delivered a one-year return of 8.67% over the last financial year. This exceeds its long-term average annual return of 8.29% since July 1988. ...

Clime completes Madison Financial sale

ELIZA BAVIN  |  FRIDAY, 28 JUN 2024
... disruption to their business, and strategic partnership opportunities for the parties. The divestment also positions Clime for profit improvement in FY25, with normalised profits of approximately $500,000 and streamlined operations with a focus on funds ...

UBS institutional client coverage lead departs

ELIZABETH FRY  |  MONDAY, 24 JUN 2024
... locally to Telfer and the regional head of wholesale distribution, Thomas Kaegi. Last month, UBS posted its first quarterly profit since taking over Credit Suisse. Higher revenues at its wealth management business and investment bank drove net profit ...

Most advisers satisfied with success: Research

KARREN VERGARA  |  TUESDAY, 18 JUN 2024
... achievement of efficiencies through robust internal systems and keeping costs in control. "Success is not always measured in profit alone; sometimes business owners make conscious decisions to take a short-term reduction in profit to reinvest in their ...