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Showing 501 - 510 of 6744 results for "Profit"

Internal teams to manage 43% of super FUM by 2043: Data

JAMIE WILLIAMSON  |  TUESDAY, 12 DEC 2023
... investment teams, it's estimated this will balloon to almost half the total FUM come 2043. Presently, about 23% of not-for-profit (NFP) super funds' FUM is managed internally. However, NFPs command about 72% of the total APRA-regulated super FUM, with ...

Local housing market to reach inflection point: Research

CHLOE WALKER  |  TUESDAY, 12 DEC 2023
... 2029." According to NAB, although the capacity limitations in the residential construction industry are starting to ease up, profit margins continue to remain low. The bank believes that increasing the housing supply next year will be challenging. Additionally ...

Betashares launches 'industry first' bond funds

ANDREW MCKEAN  |  MONDAY, 11 DEC 2023
Betashares has launched four funds on the ASX, offering geared long and short exposure to Australian government bonds and 10-year US Treasuries. The new offerings include the Betashares Geared Long Australian Government Bond Fund (ASX: GGAB), designed ...

Platinum names new chief executive, restructures board

KARREN VERGARA  |  MONDAY, 11 DEC 2023
... Peters' experience and leadership will be vital as Platinum focuses on delivering strong investment outcomes for clients and profit growth," the board said. Peters said that he has "long respected Platinum through my prior work dealings with Australia." ...

Insignia, WT Financial complete Millennium3 transfer

JAMIE WILLIAMSON  |  MONDAY, 11 DEC 2023
... said, based on modelling, the acquisition should contribute more than $50 million in revenues, about $4.5 million in gross profit, and more than $500,000 in net profit before tax. It also grows WT Financial Group's funds under advice by $5 billion, while ...

Vanguard sells outsourced CIO arm to Mercer

JAMIE WILLIAMSON  |  WEDNESDAY, 6 DEC 2023
... Meanwhile, Vanguard's had roughly $90 billion. "Vanguard's differentiated investment philosophy, strength in the not-for-profit sector, and client-centric approach complements our global capabilities across OCIO and managing alternative asset classes," ...

Buffett outlines plans for Berkshire Hathaway

CHLOE WALKER  |  WEDNESDAY, 29 NOV 2023
... on its performance, he said. "Decay can occur at all types of large institutions, whether governmental, philanthropic or profit-seeking. But it is not inevitable. Berkshire's advantage is that it has been built to last," he said. Buffett said that ...

Aussie fintech growth counteracted by local challenges: EY

CASSANDRA BALDINI  |  WEDNESDAY, 29 NOV 2023
... marking the highest proportion recorded since the Census' inception. Further, 43% of fintech firms are now turning a profit, compared with 30% last year, while the proportion of fintech valued at over $1 billion has almost doubled to 13% in 2023 ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
Mercer Financial Advice will pay $12 million after the Federal Court found it failed to meet some disclosure obligations and charged almost $5 million in fees to clients when it was not entitled to do so. Mercer admitted that, between July 2016 and ...

Quality is worth paying for in 2024: UBS

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
To navigate the year ahead, UBS Global Wealth Management's chief investment office (CIO) team believes investors should look to quality stocks and bonds for positive returns. Outlined in its recent Year Ahead 2024 report, the UBS CIO team said as interest ...