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Showing 31 - 40 of 2541 results for saw

Centrepoint Alliance targets further growth with new platform

JAMIE WILLIAMSON  |  MONDAY, 26 FEB 2024
... Matters Group. Its profit after tax was $4.9 million and gross revenues came in at $140.5 million. In its adviser numbers it saw net growth of 17 across the licensed and self-licensed channels, with its total now sitting at 1338. It added that the pipeline ...

Australian Ethical posts strong half-year result

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... enthusiastic about the opportunities that lie ahead," Australian Ethical chief executive John McMurdo said. While expenses saw a 23% increase, primarily due to investments in growth and operational enhancements, the firm's strategic focus remains ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... did not meet or exceed the disclosed benchmarks were less than the benchmarks by between 0.2% and 6.7%. "In many cases, we saw evidence that trustees were aware of and monitoring the underperformance. Yet our review showed that members may not have been ...

ATO cracks down on illegal early SMSF access

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... attitude towards their super. Others claimed they were in financial stress or were experiencing personal issues while some saw accessing their super in this manner was "too great a temptation to resist," she said. When a newly established SMSF makes ...

Iress reports $137m loss in 'challenging year'

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
In a year deemed challenging by Iress chief executive Marcus Price, the firm saw its net profit after tax (NPAT) plummet from a $52.7 million profit to a $137.5 million loss for FY23, alongside a decrease in statutory EBITDA from $142.7 million to $89.6 ...

Mergers a boon for super member growth

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... amongst its peers - ending the period with 848,026 members thanks to the successor fund transfer with BT. AustralianSuper saw a net growth rate of 13% to end up with 3.26 million members. Hostplus's membership base grew 10% year on year, adding 161,907 ...

Platforms ramp up innovation, back-end efficiencies

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... platform's online interface, and then track their status in real-time through platform work tracker," he said. The past 12 months saw platforms unleash a heap of enhancements. AMP's North launching fractional shares in managed accounts and CFS's Edge ...

GQG records US$10bn in inflows, eyes Abu Dhabi office

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
... declared a fourth quarter 2023 final dividend of 2.6 cents (US) per share. Following this announcement, GQG's share price saw a 9.39% increase, as of 11:30 am.

Dexus results mixed prior to Steinberg's exit

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... trading profits after tax for the six months to 31 December 2023. The external independent portfolio valuations for Dexus saw mixed results, with a total decrease of about $697.3 million on prior book values. Notably, the weighted average capitalisation ...

AMP reports boost in IFA flows, mulls advice unit options

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... recorded an underlying NPAT loss of $47 million, about a 31% improvement on the prior corresponding period. The six months saw AMP settle the Buyer of Last Resort (BOLR) and breaches of continuous disclosure obligations actions - both of which it did ...