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Investment

SelfWealth reports 135% revenue increase

ELIZABETH MCARTHUR  |  FRIDAY, 20 AUG 2021
In its full year results, trading platform SelfWealth reported revenue increased 135% driven by a 105% increase in active traders on the platform.

360 Capital winds up listed equities business

KANIKA SOOD  |  THURSDAY, 19 AUG 2021
ASX-listed 360 Capital has wound up its Active Value Fund and sold Ralton Asset Management, as it exits listed equities.

Macquarie AM acquires logistics centre

ANNABELLE DICKSON  |  THURSDAY, 19 AUG 2021
Macquarie Asset Management's European logistics real estate strategy acquired a facility in Norway for around â,¬67 million.

ASX posts mixed results

ANNABELLE DICKSON  |  THURSDAY, 19 AUG 2021
The ASX recorded a 3.6% decrease in statutory profit to $480.9 million as expenses rose to support operating and growth initiatives.

Moelis Australia reports record results

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
Moelis Australia, which recently rebranded to MA Financial Group, reported a 61% increase in its statutory EPS as asset management, corporate advisory and lending performed strongly.

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
Magellan Financial Group will start paying taxes at the full 30% rate from FY24, as the government abolishes laws that allowed it to pay only 10% tax on offshore earnings.

Evergreen launches RI index

ANNABELLE DICKSON  |  WEDNESDAY, 18 AUG 2021
Evergreen Consultants established a responsible investment index based on a grading system that focuses on an investment manager's intent and actions rather than solely on portfolio metrics.

Financial services market skyrockets

ANNABELLE DICKSON  |  WEDNESDAY, 18 AUG 2021
Australia's total market for financial services increased by $1.27 trillion last financial year to a total of $10.9 trillion at June end, research shows.

Saxo cuts trading costs

KARREN VERGARA  |  TUESDAY, 17 AUG 2021
Online trading platform Saxo Markets Australia has lowered its trading costs by as much as 60%.

Magellan profits dip

KANIKA SOOD  |  TUESDAY, 17 AUG 2021
Magellan Financial Group reported a 33% drop in its net profit after tax to $265.2 million in FY21, as its performance fee revenue slid 63% and recent investments drew a loss of $41.8 million.