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Showing 611 - 620 of 2129 results for "Financial Year"

CountPlus acquisitions boost revenue by $9.4m

KARREN VERGARA  |  THURSDAY, 24 JUN 2021
The 11 financial advice and accounting firms CountPlus has acquired this financial year are anticipated to bring in $9.4 million in revenue. In an operational update to the ASX, CountPlus managing director and chief executive Matthew Rowe said the group ...

ASIC drops Regal action

ANNABELLE DICKSON  |  WEDNESDAY, 16 JUN 2021
... March then rising 12.5% in May. The fund has since regained significant losses and is returning 21.20% over the financial year, according to Morningstar data.

Centuria launches unlisted fund

KARREN VERGARA  |  THURSDAY, 10 JUN 2021
... domestic market." Huljich forecasts that the fund will yield 5.25% in FY22 and will grow to 5.35% in the ensuing financial year. Following the merger with Primewest, Huljich said Centuria will be one of the largest unlisted property fund managers in ...

Interprac grows advice network

KARREN VERGARA  |  THURSDAY, 10 JUN 2021
... Planning Solutions and Melbourne-based SFG Financial Services (not to be confused with Shadforth) by the end of this financial year. It will pay a total consideration of $500,000 that comprises $150,000 of cash paid upfront. The two firms are formerly ...

Global Merces MD cops ASIC ban

KARREN VERGARA  |  MONDAY, 31 MAY 2021
The corporate regulator has banned Holly Grofski, the managing director of Global Merces Funds Management, from working in financial services for six months. ASIC's banning order is in addition to the criminal charges Grofski is facing, which alleges ...

Charter Hall grows portfolio by $800m

JAMIE WILLIAMSON  |  WEDNESDAY, 19 MAY 2021
... and 4% per annum. The acquisition brings Charter Hall's office portfolios to more than $23 billion. In total this financial year, Charter Hall has added about $7 billion via acquisitions. "We continue to deliver on the long WALE and government lease ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... Future, Your Super legislation. Beside the fact that members need to be contacted within six months of the end of financial year and at least 21 days before the AMM and some funds don't have current contact details for up to 30% of members, there ...

YFYS incentive to reduce fees: Hume

ANNABELLE DICKSON  |  THURSDAY, 13 MAY 2021
... According to Rainmaker research, in 2019/20 about half of MySuper products lowered their total fees. So far, this financial year about 40% of funds have continued to lower fees, including funds that have lowered fees further than they did last year. ...

Australia is coming back: Frydenberg

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... "significant and unavoidable cost". Australia's underlying cash balance is forecast to be -$161 billion in 2020/21 financial year compared to -$213.7 billion at the 2020/21 budget. "With more Australians back at work, this year's deficit is $52.7 ...

AMP trims platform fees

KANIKA SOOD  |  THURSDAY, 6 MAY 2021
... platforms had $63.7 billion in total assets under management at FY20, up slightly from $62.6 billion the previous financial year. The platforms business saw net inflows of $114 million in FY20, an increase from net outflows of $33 million in the previous ...