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Showing 581 - 590 of 3400 results for "Revenue"

Countplus grows advice arm, discontinues Wealth Axis

JAMIE WILLIAMSON  |  MONDAY, 27 FEB 2023
Countplus reported growth in advisers of 13% in the first half and a 17% increase in wealth segment revenues, while also announcing it will discontinue Wealth Axis' operations. Filing its 1H23 results with the ASX this morning, Countplus' revenues were ...

Diverger highlights M&A progress, pipeline

JAMIE WILLIAMSON  |  MONDAY, 27 FEB 2023
... among other things, to investment in its FY25 strategy. Diverger reported underlying profit of $2.93 million, citing lower revenue growth, challenging market conditions and higher operating costs, reflecting the current employment environment - it added ...

Praemium sees record earnings jump

CHLOE WALKER  |  MONDAY, 27 FEB 2023
Praemium recorded a 52% uplift in EBITDA, with chief executive Anthony Wamsteker saying it's reflective of strategic decisions paying off. Praemium reported a statutory net profit after tax of $9.1 million and a record EBITDA of $11.4 million - ...

Clime profits slide, poised for further M&A

CASSANDRA BALDINI  |  MONDAY, 27 FEB 2023
... managed funds added $98 million or 8% to $1.3 billion since 30 June 2022. It also reported, Madison Financial Group's revenue of $1.4 million is "broadly in line" with the pcp but was affected by higher costs of doing business. "Growing industry ...

Centrepoint Alliance scoping for scale

JAMIE WILLIAMSON  |  FRIDAY, 24 FEB 2023
... realisable synergies, and cultural alignment," Centrepoint said. The firm said it is also focused on acquiring capability and revenue adjacencies with other services being provided to advisers. It currently has 511 licensed advisers, appointing 33 in ...

ClearView offloads managed investments unit

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... stake in Human Financial. For the half-year 2023 reporting period, the wealth management unit earned $10.9 million in revenue, declining 32% from the prior period. Funds under management dropped to $3.3 billion, which includes $660 million in the WealthSolutions2 ...

Bridges can meet advice affordability gap: Mota

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... performance of the advice business, Insignia chief executive Renato Mota told Financial Standard that the reduction in revenue in part revolves around overhauling the Bridges Financial Services model. Net revenue earned by the advice business was down ...

New front in super wars, stability at risk: Opposition

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
... to take pressure off the budget, not supplement it, Taylor argued. "It was never envisioned that super be used to plug revenue gaps or to become an alternative source of government spending," he said. "In Australia's superannuation scheme, the investor ...

Perpetual profits halve post-Pendal deal

CASSANDRA BALDINI  |  THURSDAY, 23 FEB 2023
... is providing earnings resilience and enabling investment in our growth programs." Perpetual further reported operating revenue of $388.3 million, up 1% on the prior corresponding period and total assets under management (AUM) of $93.7 billion, up 4% ...

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
Insignia Financial recorded a 67% increase in net profit after tax for the first half, while also seeing a drop in its funds under management and administration of $5.5 billion. Reported to the ASX today, Insignia's NPAT was $45.1 million, a significant ...