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Showing 1 - 10 of 339 results for "FUA"

E&P free of legacy issues, FUA jumps 26%

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... continue to struggle to access recourse. The ASX-listed wealth firm boasted it oversaw $29.4 billion in funds under advice (FUA) at the end of financial year 2024 for clients, whose numbers remained steady compared to the prior period. The wealth business ...

Sequoia ends FY24 with 350 advisers

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... a competitor," chief executive and managing director Garry Crole said. Advisers oversaw $12 billion in funds under advice (FUA) at the end of the period. Despite a challenging year for Sequoia at an industry level and in-fighting within its management ...

Praemium revenue grows to $85m

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
... capability and resilience. "The second half of the year showed a significant improvement in revenue with higher margins, higher FUA and higher portfolio numbers," it said. Praemium chief executive Anthony Wamsteker said the company is entering 2025 with ...

HUB24 sees profits jump 15%

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... group will pay a fully franked dividend of 19.5 cents per share, to be paid on October 11. Total funds under administration (FUA) were up 30% to $104.7 billion with platform FUA increasing to $84.4 billion - up 35%. The number of advisers using the HUB24 ...

Acquisitions boost WT Financial Group results

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... $2 million. Some 75 wealth and personal risk insurance practices joined WTL, adding about $5 billion to funds under advice (FUA). The WTL advice networks, which also comprises Wealth Today, Sentry Advice, Synchron Advice, had more than $23 billion in ...

Netwealth FUA nears $90bn

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
A mixture of inflows and market rally helped boost Netwealth's funds under advice (FUA), jumping 25.2% to $88 billion in the year to June. The growth comprised net inflows of $11.2 billion and market movement of $6.5 billion, buoyed by the 143,251 ...

Adviser profits up despite client loss: Investment Trends

KARREN VERGARA  |  TUESDAY, 30 JUL 2024
... While recent fee increases led to substantial client attrition, this has resulted in higher earnings and funds under advice (FUA). FUA has grown by 10% year on year to $69 million on average for the 1732 practices surveyed. A small group of advisers ...

Perpetual net outflows top nearly $9bn

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
... institutional money arrived in the September quarter. Perpetual's Corporate Trust business had funds under administration (FUA) reach over $1.2 trillion as at June 30. The wealth management division's FUA was $19.8 billion, reporting net inflows ...

Market pessimism over Insignia 'overblown'

ELIZA BAVIN  |  WEDNESDAY, 29 MAY 2024
... "Comparable peers like HUB24 and Netwealth have achieved higher profitability despite having less funds under administration, or FUA, than Insignia." Ler said he still expects revenues to decline over the long term, but at a manageable rate. "First ...

Fortnum, PFS launch parent company

KARREN VERGARA  |  MONDAY, 22 APR 2024
... while Fortnum took on PFS and its 155 representatives. Australian Unity's advice unit had $11.2 billion in funds under advice (FUA) at the end of June 2023. Entireti's chief executive Neil Younger said Fortnum and PFS will "continue to operate under ...
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