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Showing 571 - 580 of 3400 results for "Revenue"

Advice firms trading at premium: Broker

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... - financial advice practices that are co-located with a buyer's business - are currently valued at 2.2x-3.2x recurring revenue. The co-location of the acquired business with the purchaser's business makes the measurement of profits of the acquired business ...

Morrison Securities stake to net Sequoia $40m

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
Sequoia Financial Group is offloading 80% of Morrison Securities to a digital wealth platform for $40.5 million. The listed wealth group is divesting 80% of its equity interest in the stockbroker to New Quantum Holdings, leaving Sequoia's balance sheet ...

Investment bonds offer refuge amid super changes

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... and non-concessional caps, among other reforms. Now the government's large deficit has prompted it to explore different revenue streams, and with the super pool containing $3.5 trillion, even minor changes to the system can generate significant revenue. ...

Gender super balance parity four decades away: ISA

CHLOE WALKER  |  WEDNESDAY, 8 MAR 2023
... of Australia (ASFA) is calling on the government to commit to closing the retirement savings gender gap using the tax revenue generated by the proposed $3 million cap on superannuation. ASFA senior policy advisor Helena Gibson said now is the time to ...

TIP Group to acquire advice firm

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... mortgage broking, insurance broking, private lending and financial services licensing and compliance. Enva reported FY22 revenue of $1.8 million and net profit after tax (NPAT) of $0.4 million. As part of the acquisition, TIP will claim a 100% stake ...

Centuria adds to glasshouse portfolio

CHLOE WALKER  |  TUESDAY, 7 MAR 2023
... will continue to seek high quality assets, leased to reputable operators with strong sustainability credentials in high revenue producing sectors such as protected cropping," he said. In December last year, CAF secured a South Australian glasshouse tomato ...

Bravura $80m restructure underway

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... existing institutional shareholders and the broader investment community". For the half-year 2023 period, Bravura's revenue dropped 11% year on year to $118.3 million. It made a total loss of $190.9 million after reporting a $15.3 million profit ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... living in retirement; those people won't be affected by these changes." Many industry bodies also advocated for the revenue raised from the super cap to be utilised to address inequalities in the system. AIST chief executive Eva Scheerlinck said ...

The traditional CFO is no more: Study

CHLOE WALKER  |  WEDNESDAY, 1 MAR 2023
... January 7 to January 28 of last year, surveyed 1900 finance leaders at organisations with over 1000 employees and an annual revenue of at least $50 million across the US, UK, Australia and South Africa, and at least $5 million in Canada. It discovered ...

Government to double tax for high super balances

ANDREW MCKEAN  |  TUESDAY, 28 FEB 2023
... reform will strengthen the superannuation systems sustainability, the reduction in tax breaks generating $2 billion in revenue in its first year, he said. Though Shadow Treasurer Angus Taylor called the additional taxes to superannuation another broken ...