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Showing 541 - 550 of 6769 results for "Profit"

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 ...

Dimensional launches inaugural ETFs

KARREN VERGARA  |  MONDAY, 13 NOV 2023
Dimensional Fund Advisors has, for the first time, forayed into the local exchange-traded funds (ETFs) market, launching three actively managed core equity strategies. The three products, which began trading today, are offered in a dual-access structure ...

ANZ rakes in $7.4bn profit

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
In its full-year 2023 results, ANZ declared a cash profit of $7.4 billion, up 14% on the previous year. The big four bank said its proposed final dividend for 2023 also increased to 94 cents per share (cps), consisting of an 81 cps dividend partially ...

Insurers drop allocation to risk assets: Research

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
... regulatory capital and stability remained a priority, while 33% said returns were the main drive, and 27% opted for minimising profit and volatility. The investment giant said the research revealed that insurers are using their discretion to address ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... return, despite the actual figures ranging from 7.90% to 8.23% Lastly, a webinar that inaccurately projected a $17,000 profit on a $50,000 investment over a decade, incorrectly suggested current validity. In light of these developments, HESTA said it ...

Large Australian corporations pay record tax: ATO

ANDREW MCKEAN  |  THURSDAY, 9 NOV 2023
The Australian Taxation Office (ATO) has disclosed that a record-breaking $83.8 billion was paid in income tax by large corporations for the 2021-22 financial year. According to the ATO's ninth annual Corporate Tax Transparency (CTT) report, the income ...