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Showing 81 - 90 of 829 results for "Advice Business"

Insignia Financial improves losses amid takeover

JAMIE WILLIAMSON  |  THURSDAY, 20 FEB 2025
... slightly by 7% to $482 million. Average funds under management and administration rose 8.6% to $320 billion. Its Advice business recorded an underlying net profit after tax (UNPAT) of $11.8 million, while revenues grew more than 4.4% because of new client ...

Our results were strong: Alexis George

ANDREW MCKEAN  |  MONDAY, 17 FEB 2025
... of expectations, though this was largely due to non-core factors, including weaker earnings from the now-sold advice business, alongside higher costs, and lower investment income at the corporate level. It noted that core segments largely met expectations ...

AMP profit dives as advice business sale bites

ANDREW MCKEAN  |  FRIDAY, 14 FEB 2025
... nearly half the previous year's result, which the firm attributed to simplification spend and the sale of its advice business. The prior year's result was lifted by gains from the sale of AMP Capital and SuperConcepts. AMP's underlying NPAT ...

AdviceIQ general manager Paul Harding-Davis to retire

ANDREW MCKEAN  |  TUESDAY, 28 JAN 2025
AdviceIQ general manager Paul Harding-Davis will retire in April, with the financial advice group for high-net-worth clients naming a Macquarie Group executive as his successor. Harding-Davis told Financial Standard that now is the right time for retirement ...

Morgans Financial crowned largest licensee

KARREN VERGARA  |  WEDNESDAY, 8 JAN 2025
Morgans Financial has toppled AMP Financial Planning (AMP FP) to become the licensee with the largest number of financial advisers. Morgans recorded 431 active advisers at the end of 2024, while AMP FP had 426. On December 20, both AFSLs had 430 registered ...

Oaktree completes $240m AZ NGA deal

MATTHEW WAI  |  TUESDAY, 17 DEC 2024
Following its announcement earlier in September, the transaction has been finalised, with Oaktree Capital Management becoming AZ Next Generation Advisory's (AZ NGA) largest shareholder with a $240 million investment. As part of the deal, Azimut retains ...

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
... funds may have been misapplied." ASIC added that it is now aware that Venture Egg, a Melbourne-based financial advice business that advised clients to invest in Shield, has written to investors on two occasions recently with what it believes to be incomplete ...

AMP completes advice licensees sale

KARREN VERGARA  |  MONDAY, 2 DEC 2024
AMP has finalised its divestment of three licensees and support service business to Entireti and AZ NGA as the new owners unveil a revamped leadership team. Some 950 advisers across AMP Financial Planning, Hillross, and Charter Financial Planning now ...

Top advisers champions in two key areas: Iress

MATTHEW WAI  |  THURSDAY, 21 NOV 2024
... peers." "Advisers are operating in an increasingly competitive market, making efficiency an imperative for any advice business looking to expand its client base and stay competitive in 2025 and beyond."

JBWere restructures, chief executive exits

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... at Commonwealth Bank for 10 years and worked across various leadership roles within the now defunct financial advice business. She has also held senior roles at BT Financial Group and Count Financial. In a profile interview earlier this month, Lykouras ...