FINANCIAL RESULTS
Funds management
Perpetual has announced that its total assets under management stood at $102.8 billion in Q2, up 1.8% on the prior period, with all divisions showing growth....
Financial planning
Improved trading conditions has seen Macquarie Group’s net profit to grow to $2,043 million in 1H22, representing a 107% growth on 1H21. ...
Financial planning
The cessation of grandfathered rebate revenue has driven down the group’s adjusted net profit after tax to $7.444 million for FY21....
Financial planning
ClearView has announced underlying net profit after tax is up 54% to $22.7 million but operating earnings for its financial advice arm were down 58% as it sells it to Cen...
Funds management
Challenger repositioned its investment portfolio during the pandemic which included holding higher levels of cash and liquid assets and enhanced its business risk setting...
Financial planning
A better than expected rebound in the Australian and New Zealand economies has helped drive up NAB’s cash earnings to $3.343 billion for the first half of 2021. ...
Funds management
Australian Ethical has announced its funds under management has reached over $5 billion during the first half of FY21....
Financial planning
The firm’s ‘clean’ sustainable financial advice model and its client-centric accounting and advice helped improve profitability for the first half of FY2021. ...
Financial planning
ANZ has announced a 54% rise in unaudited cash profit from continuing operations to $1.81 billion while its unaudited statutory profit after tax for Q1 stood at $1.62 bil...
Funds management
Netwealth’s funds under administration reached $40.7 billion as of mid-February and the board has declared a fully franked dividend of 9.06 cents per share. ...
Financial planning
Suncorp has reported a 23.7% drop in group net profit after tax during the first half of 2021 despite higher cash earnings. ...
Financial planning
Countplus’ net profit after tax has grown to $5.95 million for the 2020 financial year thanks to the firm’s deliberate operational focus and a discipline approach. ...
Funds management
Fiducian Group has reported a $600 million increase in funds under management, advice and administration while revenue was up 11% counting year-on-year. ...
Funds management
OneVue managing director, Connie Mckeage has remained upbeat about the company’s potential despite its Sargon transaction resulting in a $27.089 million loss....
Policy & Regulation
The exit of the big banks and the consequent net outflows from the big institutional platforms is playing to the strengths of specialist platform providers....
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MARKET INSIGHTS
Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...