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.
Iress has reported a statutory NPAT loss of $137 million in 2023 compared to a profit of $52.7 million in the previous year.
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.
Diverger managing director, Nathan Jacobsen, is expected to depart once the firm merges with Count next month.
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.
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”.
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.
Jason Nyilas, who has more than 35 years of experience across financial services, has been appointed executive adviser at both moneyGPS and HeirWealth.
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.
In this latest Meet the Manager profile, Money Management speaks with Wilson Asset Management portfolio manager Matthew Haupt about Australian equities, the US presidential election, and the outlook for India.
