ASX

Financial planning

Centrepoint Alliance has reported a 61% growth in adviser fees during FY20, followed by an 11% growth in gross revenue driven by strong growth in new advisers and signifi...

Funds management

Netwealth sees 110% rise on managed account platform

Funds under management rose 110% for Netwealth’s managed accounts as the firm releases its results for FY2020. ...

Financial planning

Westpac will not pay dividends

The big four bank said it would not pay dividends for the first half of 2020 to retain its strong balance sheet while it monitored the uncertain environment....

Financial planning

Pandemic pushes economic equality four years back

There has been an increase in the number of women on ASX 200 boards but the unemployment caused by the pandemic has caused the timeline to gender economic equality to ris...

People & Products

Cromwell urges shareholders to reject latest ARA bid

This is the third attempt in less than a year by ARA Asset Management to elect its nominee Gary Weiss to the Cromwell Property Group board. ...

Financial planning

Remediation continues to overshadow NAB’s MLC exit

On the back of revealing a 7% decline in third quarter cash earnings, National Australia Bank has confirmed that client remediation continues to be a factor in exiting ML...

Funds management

Charter Hall retail REIT profit down

Charter Hall’s retail real estate investment trust has seen its statutory profit 16.8% down for FY20 due to valuation movements....

Funds management

Platform and tech boosts Bell results

Bell Financial Group has reported a pre-tax profit of $23.5 million and a 7% increase in revenue to $129 million in the first half of 2020. ...

Financial planning

Wealth Today saw drop in new business

Wealth Today saw a reduction in new business revenue for many advisers between February and May due to the economic uncertainty and downturn from the pandemic....

Financial planning

Giving up extra office space helps financial firm improve cost

Wealth Today’s parent company, ASX-listed WT Financial Group, sees potential for further improvement on costs side upon completion its exit of surplus office space progra...

Funds management

Six Aussie equity funds report positive returns for H1 2020

The Australian equity sector lost 9.5% during the first half of the year due to the COVID-19 pandemic, according to data, with only six funds reporting positive returns....

Policy & Regulation

IOOF claims final class action victory

IOOF has confirmed the final settlement of a class action brought against it related to a failed prosecution by the Australian Prudential Regulation Authority with no cos...

Funds management

Good time for active investors: Datt Capital

Melbourne boutique manager, Datt Capital, which saw its absolute return fund deliver “stellar” results, has said the current environment is exceptionally good for active ...