Wilson HTM back in the black
Diversified publicly listed financial services company Wilson HTM has joined a number of other companies in returning to growth in the first quarter of the new financial year.
The company reported to the Australian Securities Exchange (ASX) today that its unaudited after-tax profit for the three months ended 30 September was $3.3 million, compared to $2.2 million for the full 2009 financial year.
The announcement said that group funds under management had grown by 27 per cent to $8.1 billion during the quarter, with $0.7 billion in inflows achieved across Pinnacle funds and $0.1 billion in inflows into Wilson HTM managed accounts.
It said that Pinnacle funds under management now stood at $5.9 billion and Wilson HTM at $2.2 billion.
Commenting on the results, the company said it was encouraged by the general improvement in market conditions and client alpha, however he said there was still insufficient data to provide full-year profit guidance.
AUTHOR
Mike Taylor
Recommended for you
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
