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Showing 581 - 590 of 2128 results for "Financial Year"

Super unit boosts Equity Trustees performance

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
Equity Trustees' major superannuation client wins in the last financial year saw the business unit more than triple its assets. The superannuation business' funds grew from $11.2 billion to $33.6 billion year on year. It now provides trustee services ...

SelfWealth reports 135% revenue increase

ELIZABETH MCARTHUR  |  FRIDAY, 20 AUG 2021
... thanks to the increased revenue. Gross profit margin for the platform increased from 33.4% to 41.4% in the 2021 financial year. It launched US trading in December 2020 and reported that 29% of active traders using the platform had taken advantage of ...

Netwealth boosts profit

ANNABELLE DICKSON  |  WEDNESDAY, 18 AUG 2021
... gains and a substantial increase in funds under administration as it expects inflows to hit $10 billion in the next financial year. In its full-year results, Netwealth posted a 23.9% increase in net profit to $54.1 million. Funds under administration ...

Financial services market skyrockets

ANNABELLE DICKSON  |  WEDNESDAY, 18 AUG 2021
Australia's total market for financial services increased by $1.27 trillion last financial year to a total of $10.9 trillion at June end, research shows. The latest Roy Morgan Banking and Finance Report showed the increase was larger than the last three ...

Magellan profits dip

KANIKA SOOD  |  TUESDAY, 17 AUG 2021
... business. This increased 10% to $526.6 million... which was broadly in line with the growth in average FUM." In the financial year, Magellan made three capital investments, in investment bank Barrenjoey, food chain Guzman y Gomez and in financial services ...

Class makes acquisition, profit down

ANNABELLE DICKSON  |  TUESDAY, 17 AUG 2021
... transaction is set to be completed on September 1 with an estimated revenue contribution of $3 million for this financial year. Topdocs provides SMSF, corporate, and trust documentation to accountants, financial advisers, lawyers, and other professional ...

Challenger chief executive to step down

KARREN VERGARA  |  TUESDAY, 10 AUG 2021
... announcing the changes, Challenger also reported that assets under management jumped 29% to $110 billion in the financial year to 2021. Challenger turned around a massive loss of $419 million in FY20 to a $589 million in net profit after tax. The funds ...

Government releases final YFYS regulations

KANIKA SOOD  |  FRIDAY, 6 AUG 2021
... administration fee component of the test based on the administration fee charged by the product over the most recent financial year, benchmarked against peers," the government said. Association of Superannuation Funds of Australia chief executive Martin ...

Pinnacle NPAT doubles in FY21

KANIKA SOOD  |  FRIDAY, 6 AUG 2021
... well-resourced during the COVID-19 economic and market downturn, to position for future growth. "During the 2021 financial year, we saw the results of this decision and the exceptional efforts and flexibility of our people as our business engaged from ...

Lifecycle MySuper outperforms single strategy

KANIKA SOOD  |  TUESDAY, 3 AUG 2021
... June, and 7.9% p.a. over three years (for 61 options). Many funds such as AustralianSuper said the returns this financial year were their best in decades, if not since inception.