Editorial

Austock looks to leaner future after $20 million loss

Austock records net loss of $20.9 million for the 2008-09 financial year, while financial planning team grows funds under management in first year....

Editorial

Prime profits plunge on planning revenue falls

Prime Financial Group has posted a 55 per cent fall in net profit after tax for the 2009 full year, partly as a result of a 30 per cent fall in financial planning recurri...

Editorial

Fiducian in the black despite profit fall

But equity and property market devaluations over the financial year hit revenue....

Editorial

The Black Swan has landed: how to keep portfolios intact during times of stress

In the final part of their series on the risks of margin lending, PAUL RESNIK and PETER WORCESTER conclude that planners need to stress test a client’s portfolio in order...

Editorial

Bravura maintains profit

Unchanged profit of $1.6 million, while revenue drops 2 per cent....

Editorial

IOOF posts loss and flags sale of insurance business

IOOF Holdings has flagged the sale of its life insurance business in its 2009 annual results, in which it posted a 32.1 per cent loss in net profit to $15.85 million....

Editorial

Suncorp profit 'disappointing'

Suncorp's profit for the 2008-09 financial year fell 40 per cent in what chairman John Story called a challenging year for the group....

Editorial

DKN Financial Group reports loss of $11 million

Dealer group suffers impairment charges of $17 million and funds under advice drop 16 per cent....

Editorial

Don't bully the fat prospectus

There’s zero correlation between the number of pages in an offer document and investment performance. Yep, you can make money from a fat prospectus and lose it on a skinn...

Editorial

Financial services associations: strength in numbers

Two interesting and welcome events occurred in the financial planning industry last week – the Financial Planning Association (FPA) agreed with the Association of Financi...

Editorial

The financial services industry searches for common ground

Is the financial services industry ready to embrace a different regulatory model in circumstances where ASIC has not lived up to the expectations of some? Mike Taylor rep...

Editorial

Portfolio management in the real world

Life is messy, and investing is no exception. Dominic McCormick writes why he believes investors are not well served by current asset allocation methods....