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Showing 821 - 830 of 2129 results for "Financial Year"

IFM Investors boss to retire

KANIKA SOOD  |  THURSDAY, 19 SEP 2019
... ahead given the competitive position we now enjoy." IFM Investors turned a pre-tax profit of $117 million this financial year, growing at 32% CAGR since the June 2010 results of $9.4 million. It has opened many international offices in the last decade ...

Chief executive bonuses unscathed by public perception

ELIZA BAVIN  |  TUESDAY, 17 SEP 2019
... remuneration reports." Domino's Pizza boss Don Meij was the only top 100 executive who did not receive a bonus in the 2018 financial year, marking a new record low. In the previous year, six executives missed out. The study showed the average realised ...

Powerwrap posts strong first result

HARRISON WORLEY  |  TUESDAY, 3 SEP 2019
... for revenue, underlying EBITDA, loss and funds under administration. The firm made a $4.9 million loss across the financial year though was expecting a hit to the tune of $6.8 million. Similarly, revenue rose above prospectus forecast, reaching $16.3 ...

Melbourne boutique winds down funds

KANIKA SOOD  |  FRIDAY, 30 AUG 2019
... The funds had an 11-year track record of outperforming the benchmark with lower volatility, but were down for the financial year. The boutique was founded in 2008 as Optimal Funds Management but rebranded to ARCO Investment Management in July 2017. The ...

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
... compensate wealth clients close to $1 million for failing its fee disclosure statements obligations. During the 2019 financial year, the ASX-listed firm identified some advice clients with ongoing fee arrangements may not have received a fee disclosure ...

AFA Foundation headed for milestone

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... Foundation chair Olivia Sarah-Le Lacheur told conference attendees. "We would love to crack $2 million in this financial year. We would love to give the media a really good news story about the value of advice," she said. She explained that in the 2019 ...

Perpetual in acquisition mode

KANIKA SOOD  |  FRIDAY, 23 AUG 2019
... management at Perpetual Investments, about $7 billion is now from institutional investors after outflows during the financial year. The remaining $20 billion is split as about $14 billion from the intermediary channel (through master trust and wrap) ...

Managed funds versus the ASX 200

KANIKA SOOD  |  THURSDAY, 22 AUG 2019
... Rainmaker research. Just one in 10 wholesale managed funds in Australian equities outperformed the index in the financial year, the data shows. The median fund returned 7.2% as compared to the S&P/ASX 200 Accumulation index's 11.5% for the year. ...

Mainstream shelves super admin business

KARREN VERGARA  |  TUESDAY, 20 AUG 2019
... Mainstream said. "As a consequence we lost a key superannuation client." The group reported a net loss of $853,723 last financial year (FY18: $2.1m profit).

State Street ETF in franking credit kerfuffle

KANIKA SOOD  |  THURSDAY, 15 AUG 2019
... because State Street is not permitted to carry surplus franking credits under the ATO benchmark rule to the next financial year. What is the 'benchmark ceiling' rule? Any managed investment schemes, including ETFs, must pass a 'holding test' before they ...