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FINANCIAL RESULTS
Financial planning
Challenger has reported a lower statutory net profit after tax which fell by $15 million to $308 million in FY19 due to the significant disruption in the advice industry....
Financial planning
Praemium has reported a 25 per cent increase in platform funds under administration to a record $9.5 billion....
Financial planning
ClearView has announced the removal of its financial advice segment from embedded value calculations as a part of a broader resetting of its business in 2H FY19....
Financial planning
Perpetual, which has posted weaker results for 1H19, has announced its readiness to expand its focus beyond value investing and adopt a boutique-like management style....
Financial planning
IRESS has reported strong positive results for the year to 31 December 2018, and expects profits to continue on their growth trajectory in 2019....
Financial planning
Diversified financial services group, Fiducian has defied the trend by weathering recent market and Royal Commission events to post a solid increase in first-half profit....
Financial planning
AMP Limited has flagged reshaping its advice network as it reports a significant decline in full-year profit....
Financial planning
Net profit after tax for financial services technology provider, GBST, went up by 48 per cent to $3.7 million in the first half of 2019....
Funds management
Listed investment company, AMCIL Limited has reported a 42.7 per cent growth in profit in the 2019 financial year....
Funds management
Australian Foundation Investment Company has reported a 62.5 per cent growth in net profit to $250.3 million from the previous corresponding period....
Funds management
Pendal Group has delivered a 17 per cent lift in cash earnings for fiscal 2018 on the back of a sixth straight year of growth in funds under management....
Financial planning
The firm has delivered cash earnings of $786 million for fiscal 2018, steady on the prior year’s earnings of $782 million....
Financial planning
Westpac Banking Group has managed stay in the black despite heavy customer remediation costs, with BT Financial Group weathering much of the difficulty....
Funds management
The investment bank has delivered a 5 per cent rise in net profit to $1.31 billion for the first half of fiscal 2019....
Financial planning
Bell Financial Group has used a market update to report strong revenues and profitability as well as signalling a plan to further leverage its platform capability....
MARKET INSIGHTS
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Amazing ! Between the beginning of licencing Feb 2002 and 2008 this was a very good stable industry.Then the do-gooders...
It couldn't happen to a more worthy organisation - good luck to the heroes coming to clean the place up!...
Yes used the money that should have been invested as if it was his own. Thought he was invincible but the house of cards...