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Showing 461 - 470 of 2213 results for "Financial Year"

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 ...

Super, retirement unit cushions Link's massive loss

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... Link Group's retirement and superannuation business helped cushion the massive $418 million loss in the 2023 financial year, despite losing HESTA as a major client. Link's Retirement and Superannuation Solutions (RSS) unit, which contributes ...

Australian Ethical hits $9.2bn, focus turns to back-office

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
... company reported underlying profit after tax (UPAT) of $11.8 million, representing a 15% increase on the previous financial year. Financial year results also showed customer numbers increased 54% year on year, driven by organic growth and the integration ...

Legacy issues, business overhaul plague E&P results

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... under the new chief executive in FY2024. The ASX-listed firm reported sinking revenues and profits in the last financial year of $167.1 million, down 14% year on year, and a statutory loss after tax of $17 million. Several challenges negatively impacted ...

Australian Retirement Trust completes Woolworths, Endeavour merger

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... Super, AvSuper, and Alcoa Super. Woodall noted these transfers are progressing and slated for completion during this financial year. "We are also very pleased to have welcomed Oracle and The Lottery Corporation this year transferring another 2500 new ...