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Showing 511 - 520 of 6744 results for "Profit"

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
As small financial institutions buckle under macroeconomic pressures, it is a fine balancing act to ensure that they don't suffer unnecessary regulatory burdens to avoid a similar scenario in the US with the collapse of regional banks, APRA says. ...

Scarcity Partners brings private equity investment model to Australia

ANDREW MCKEAN  |  WEDNESDAY, 22 NOV 2023
... executives, generates returns for investors through a combination of increasing equity valuations of investee companies and profit sharing via management fees. Previously, investors could only participate in this type of investment on a deal-by-deal ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... Secretary of the Treasury Janet Yellen added that Binance turned a blind eye to its legal obligations in the pursuit of profit. "Its willful failures allowed money to flow to terrorists, cybercriminals, and child abusers through its platform," she said. ...

Super Members Council names chief executive

ANDREW MCKEAN  |  TUESDAY, 21 NOV 2023
The Super Members Council of Australia (SMC), the new advocacy body representing profit-to-member super funds, has appointed Misha Schubert as its inaugural chief executive. Schubert will move to SMC following a tenure as chief executive at Science ...

Insignia Financial finds buyer for Millennium3

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... in December, WTL anticipates the acquisition will add over $50 million in revenue, approximately $4.5 million in gross profit, and more than $500,000 in net profit before tax to the group on an annualised basis. Further, WTL said the M3 network will ...

Robo-adviser reaches US$50bn milestone

KARREN VERGARA  |  MONDAY, 20 NOV 2023
While the local robo-advice industry flounders, Wealthfront has hit a record high of more than US$50 billion ($77bn) in assets under management, catering to 700,000 investors. The US robo-adviser boasted that as it continues to diversify offerings ...

Allianz Retire+ heavyweight jumps ship

ELIZABETH FRY  |  FRIDAY, 17 NOV 2023
... share the head of group retirement solutions, client delivery role. He landed at CBHS Health Fund - a member-owned not-for-profit private health insurance company for CBA staff and their families - as chief member solutions officer. The retirement specialist ...

COG drops bid for Diverger

CASSANDRA BALDINI  |  WEDNESDAY, 15 NOV 2023
... has about 200 advisers and $12 billion in FUMA. Last financial year, it generated net revenues of $37.6 million and net profit after tax and amortisation of $4.7 million.

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... the MySuper benchmark fee since 2014," Antil said. "Of the MySuper products, fees are now level for retail and not for profit funds." Regarding MySuper products, not-for-profit funds generally have lower administration fees, in contrast to retail funds ...

Aussie banks deliver record profits in FY23

CASSANDRA BALDINI  |  TUESDAY, 14 NOV 2023
... year, profits exceeded the previous record set in 2017 at $31.2 billion, reaching unprecedented highs. PwC attributed the profit success to robust balance sheet growth and an increase in Net Interest Margin (NIM), leading to an unprecedented rise of ...