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Showing 681 - 690 of 6744 results for "Profit"

Gurner, Qualitas close second BTR fund

CHLOE WALKER  |  WEDNESDAY, 22 FEB 2023
... comes as Qualitas shared its impressive financial results for the half year ended December 31 (1H23), up 117% on its net profit after tax. "A combination of significant growth in funds under management (FUM) to $5.8 billion and record deployment of capital ...

SEC fines Mormon Church investment arm

KARREN VERGARA  |  WEDNESDAY, 22 FEB 2023
... requirement to file timely and accurate information on Forms 13F applies to all institutional investment managers, including non-profit and charitable organisations." Ensign Peak agreed to settle with the SEC, paying US$4 million in penalties. The church ...

California to mandate personal finance studies

KARREN VERGARA  |  TUESDAY, 21 FEB 2023
... access an additional US$1.4 million for their own professional development, which will be provided by California-based non-profit Next Gen Personal Finance (NGPF). State Superintendent of Public Instruction Tony Thurmond said that this is "a great public-private ...

HUB24 grows FUA to $73bn

ANDREW MCKEAN  |  TUESDAY, 21 FEB 2023
... while portfolio administration and reporting services (PARS) decreased to $17.2 billion at 31 December 2022. Underlying net profit after tax (NPAT) grew 87% to $26.6 million and underlying EBITDA was $49.9 million, up 68% on 1H22. Statutory NPAT was ...

JANA awarded mandate by NFP

CHLOE WALKER  |  MONDAY, 20 FEB 2023
In a new mandate win, JANA will provide traditional advisory services, strategic advice and portfolio construction and risk assessment for Community Trust South. The New Zealand based philanthropic trust holds more than $270 million and has provided ...

Adviser pay, incentives disparity revealed

KARREN VERGARA  |  FRIDAY, 17 FEB 2023
Experienced financial advisers working across major cities are earning as much as $150,000 per year, significantly more than their counterparts in smaller and regional hubs. According to consulting firm Business Health, which canvassed nearly 100 advice ...

GQG Aussie inflows up, total FUM slumps

KARREN VERGARA  |  FRIDAY, 17 FEB 2023
GQG Partners reported positive inflows for its local business but saw profit and overall assets under management decline across the board. Total assets under management slumped 3.5% to US$88 billion ($128bn), according to full-year results ending December ...

Magellan profits down 67%

CHLOE WALKER  |  THURSDAY, 16 FEB 2023
After a period of turbulence, Magellan reported statutory net profit after tax of $83.8 million for the second half of 2022 - down 67%. The group reported the drop to the ASX this morning, though did declare an interim dividend of 46.9c per share, 85% ...

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2023
AMP is set to pay a dividend of 2.5c per share after reporting a statutory net profit after tax (NPAT) of $387 million, its first since the Royal Commission came to an end. It marks a significant turnaround for the wealth giant, having last year reported ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... million, which included charging clients fees for no service provided. The group made a record $5.2 billion in after-tax profit in the last six months of 2022. Most of its operating income of $13.6 billion (up 12% year on year) was driven by a recovery ...