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Showing 531 - 540 of 6766 results for "Profit"

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 ...

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.