LGT Crestone appoints adviser to cater for SA HNW market
Wealth management firm LGT Crestone has appointed an investment adviser to its Adelaide office as the firm focuses on the evolving high-net-worth market in the state.
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POWERED BY MOMENTUM MEDIA
Prime Financial targets highest growth in 25-year history
The firm reported a “tremendous” 38 per cent revenue growth in its wealth management division for 1H24, as it strives towards its $100 million revenue target by FY30.
AUTHOR
Jasmine Siljic
Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.
Iress reports $137m loss in ‘challenging’ year
Iress has reported a statutory NPAT loss of $137 million in 2023 compared to a profit of $52.7 million in the previous year.
AUTHOR
Laura Dew
Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.
New advisers drive 25% FUA growth at Netwealth
In its half-yearly results, Netwealth’s FUA has risen to $78 billion with net inflows of $9.5 billion, largely underpinned by a new cohort of financial advisers adopting the platform.
AUTHOR
Jasmine Siljic
Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.
Jacobsen to depart following Count-Diverger merger
Diverger managing director, Nathan Jacobsen, is expected to depart once the firm merges with Count next month.
AUTHOR
Laura Dew
Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.
HUB24 forecasts record net inflows for FY24
HUB24’s underlying NPAT was $30.4 million in the first half of FY24, while the firm is expecting net inflows to double in the second half to reach a full-year record of $16 billion.
AUTHOR
Keith Ford
Bravura eyes digital advice as it rebuilds business
Bravura is seeking to be a market leader in digital advice as it focuses on rebuilding the business after a period of turbulence, with chief executive Andrew Russell admitting it is “not out the woods yet”.
AUTHOR
Laura Dew
Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.
Janus Henderson targets advisers with distribution hires
Janus Henderson has made two new appointments, including a newly created role, to boost its presence with financial advisers and intermediaries in Australia and New Zealand.
AUTHOR
Laura Dew
Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.
Fintechs land industry stalwart for executive adviser role
Jason Nyilas, who has more than 35 years of experience across financial services, has been appointed executive adviser at both moneyGPS and HeirWealth.
AUTHOR
Keith Ford
FAAA’s Abood optimistic for ‘regulatory clarity’ in 2024
Sarah Abood, chief executive of the FAAA, believes 2024 will be the year that meaningful regulatory changes are clarified and delivered by regulators to the financial advice industry.
AUTHOR
Jasmine Siljic
Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.
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