FINANCIAL RESULTS

Financial planning

Challenger has reported a lower statutory net profit after tax which fell by $15 million to $308 million in FY19 due to the significant disruption in the advice industry....

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Financial planning

Praemium has reported a 25 per cent increase in platform funds under administration to a record $9.5 billion....

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Financial planning

ClearView has announced the removal of its financial advice segment from embedded value calculations as a part of a broader resetting of its business in 2H FY19....

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Financial planning

Perpetual, which has posted weaker results for 1H19, has announced its readiness to expand its focus beyond value investing and adopt a boutique-like management style....

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Financial planning

IRESS has reported strong positive results for the year to 31 December 2018, and expects profits to continue on their growth trajectory in 2019....

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Financial planning

Diversified financial services group, Fiducian has defied the trend by weathering recent market and Royal Commission events to post a solid increase in first-half profit....

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Financial planning

AMP Limited has flagged reshaping its advice network as it reports a significant decline in full-year profit....

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Financial planning

Net profit after tax for financial services technology provider, GBST, went up by 48 per cent to $3.7 million in the first half of 2019....

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Funds management

Listed investment company, AMCIL Limited has reported a 42.7 per cent growth in profit in the 2019 financial year....

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Funds management

Australian Foundation Investment Company has reported a 62.5 per cent growth in net profit to $250.3 million from the previous corresponding period....

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Funds management

Pendal Group has delivered a 17 per cent lift in cash earnings for fiscal 2018 on the back of a sixth straight year of growth in funds under management....

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Financial planning

The firm has delivered cash earnings of $786 million for fiscal 2018, steady on the prior year’s earnings of $782 million....

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Financial planning

Westpac Banking Group has managed stay in the black despite heavy customer remediation costs, with BT Financial Group weathering much of the difficulty....

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Funds management

The investment bank has delivered a 5 per cent rise in net profit to $1.31 billion for the first half of fiscal 2019....

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Financial planning

Bell Financial Group has used a market update to report strong revenues and profitability as well as signalling a plan to further leverage its platform capability....

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MARKET INSIGHTS

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Never miss the latest news and developments in wealth management industry

Ralph

How did the licensee not check this - they should be held to task over it. Obviously they are not making sure their sta...

1 day 17 hours ago
JOHN GILLIES

Faking exams and falsifying results..... Too stupid to comment on JG...

1 day 18 hours ago
PETER JOHNSTON- AIOFP

Must agree to disagree with you on this one Keith, with the Banks/Institutions largely out of advice now is the time to ...

1 day 18 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 3 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 1 week ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 3 weeks ago