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| | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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. |
| | | | ... 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 ... |
| | | | ... 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 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
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