NPAT

Financial planning

The exit of “smaller non-economic advisers” has improved net margin at Sequoia, while the divestment of Morrison Securities boosted its statutory net profit after tax for...

Financial planning

Pexa Group has reported a 42% growth in revenue, year-on-year, while addressing its first annual general meeting since publicly listing....

Financial planning

CBA has reported cash net profit after tax of approximately $2.2 billion in 1Q22, 20% higher than in the same period last year, but lower than 2H21....

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

The platform provider posted inflows of $8.9 billion, up 82%, and is targeting a funds under advice range of $63 billion to $70 billion by 30 June, 2023....

Funds management

EQT Holdings has announced a 43% year-on-year growth in funds under management, administration and supervision to $144 billion for the year. ...

SMSF

Class’ net profit after tax fell 46% after the firm offloaded its investment in managed account service, Philo Capital, and has acquired legal documentation software prov...

Funds management

Australian Ethical has announced its funds under management has reached over $5 billion during the first half of FY21....

Funds management

The firm’s funds under administration was up 34% on FY19 and it has announced the appointment of its new chief financial officer....

Funds management

The technology firm’s profit has taken a hit due to impacts of operating losses in acquired businesses and an increase in annual leave days following the COVID-19 pandemi...

Funds management

The platform provider has posted a net loss despite a 20% increase in funds under administration during the first half of FY20....

Financial planning

Count Financial may have fewer advisers and fewer planning firms than in its halcyon days, but it has swelled the bottom line of CountPlus....

Funds management

The fund manager’s funds management soared 29% to $92.8 billion over the year to 31 December, 2019....

Funds management

Iress has reported a new profit after tax reduction of five per cent for the first half of 2019....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 5 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 1 day ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 4 days ago