loss

Financial planning

Adviser numbers break 8-week streak with net loss

After eight consecutive weeks of adviser gains, the latest Padua Wealth Data analysis revealed adviser numbers have dropped as the profession begins to stagnate....

Life/Risk

Life insurance industry loses $1.8b

Individual disability income insurance as the worst hit risk product at a loss of $1.4 billion over the year to March 2020, according to data. ...

Funds management

Raiz Invest loses 20.1% in FUM in March

The firm is reviewing staffing levels, senior management salaries, and directors’ fees as a result of the COVID-19 pandemic....

Financial planning

Westpac takes 24% profit hit

Westpac has taken a 24 per cent hit to its first-half profit as it continues to accommodate hefty remediation costs and the exit of its financial planning businesses....

Funds management

DomaCom posts $6.1m loss

Fractional property investment platform DomaCom has reported a loss of $6.1 million for the financial year to 30 June....

Features

Profit and loss in the move beyond LIF

The Australian life/risk sector is facing a fundamental reshaping as advisers move beyond the LIF and banks consider their return on investment, Mike Taylor finds....

Financial planning

YBR reports loss after consolidation

Yellow Brick Road reported losses for its consolidated entity as well as its EBITDA after announcing a shift to a franchise model earlier this month....