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Showing 861 - 870 of 2375 results for "Majority"

Platform acquisition boosts Bell Financial results

KARREN VERGARA  |  THURSDAY, 21 FEB 2019
... 2018. The stockbroking, investment and financial advisory firm saw revenue increase 7% to $220 million year on year. The majority of revenue was generated by brokerage services of $112.9 million and driven mainly by retail clients ($94.3m). NPAT jumped ...

Class appoints chief executive

KARREN VERGARA  |  MONDAY, 18 FEB 2019
... million compared to the prior year. Net profit after tax was up 2% to $4.4 million. It had a total of 174,212 accounts; the majority (96%) are SMSF clients.

Royal Commission will worsen credit crunch: Poll

KARREN VERGARA  |  TUESDAY, 12 FEB 2019
... financial services Royal Commission's final recommendations, Financial Standard 's latest spot poll shows. The majority of respondents (64%) agreed Commissioner Hayne's final report, which was released on February 4, will have the unintended ...

CBA posts $4.6b in profits, dividend flat

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... The bank's total spending on remediation now stands at $1.46 billion, including provisions. This includes advice. Majority of this ($1.2 billion) is for the wealth customers including reviews of its advice and service delivery functions, Credit Card ...

Hedge fund veteran joins Aura

KARREN VERGARA  |  WEDNESDAY, 6 FEB 2019
... growth in funds under management and expands its portfolio of fund managers and products. The group recently acquired a majority stake (55%) in Vantage Point Asset Management in a bid to expand its funds management businesses. Aura Group also runs a ...

Australians prioritise car cover over life insurance

KARREN VERGARA  |  WEDNESDAY, 6 FEB 2019
Australians prioritise insuring their cars more than their own lives, latest research shows. The majority of Australians (71%) have a car policy in place, while less than a third (31%) will make an effort to take out life insurance, comparison website ...

IPO activity to slow down

KANIKA SOOD  |  THURSDAY, 31 JAN 2019
... raise $179 million, which is a 70% reduction on the $603 million sought at the end of 2017. "Materials stocks made up the majority of the proposed listings with seven listings, showing market sentiment still remains for this sector," he said. "Overall ...

AustralianSuper hikes admin fees

KARREN VERGARA  |  WEDNESDAY, 30 JAN 2019
... APRA data on AustralianSuper shows about 13.3% or 295,774 members have balances less than $1000 as at June 2018. The majority of AustralianSuper members (963,887) have less than $25,000. Overall, APRA estimates that 25.7% of superannuation funds have ...

Wealth group acquires asset manager stake

KARREN VERGARA  |  FRIDAY, 25 JAN 2019
Aura Group has acquired a majority stake (55%) in Vantage Point Asset Management in a bid to expand its funds management businesses. Aura said the acquisition will diversify its products to include more liquid absolute-return funds and provide Vantage ...

LICs defy franking credit refund changes

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
... low-income earnings and retirees that don't have a "strong voice." As such, the LICs are advocating for its investors, the majority of which are Australians entitled to the benefits of the franking system. Freeman is urging the Labor Party to reconsider ...