profits

Financial planning

The advice practices generating $5m in revenue

Adviser Ratings’ latest financial landscape report finds there is a demographic of advice practices achieving an average revenue of $5 million, with only 3 per cent of pr...

Financial planning

Higher client fees lead to higher profitability for self-licensed advisers

Self-licensed advisers are most likely to have seen their profit margins increase over the past 12 months, according to research by Investment Trends, as fees increase fo...

Financial planning

WT Financial forecasts 130% NPAT increase

WT Financial is expecting to see a 130 per cent increase in net profit after tax, as it releases indicative results for FY22–23, and CEO Keith Cullen believes the outlook...

Financial planning

Four trends from reporting season

There have been four key observations from the latest reporting season, according to Swell Asset Management. ...

Funds management

Magellan profits fall but AUM passes $100b

Magellan has seen its net profit after tax fall 33% in the last financial year but funds under management have risen 9% to pass $100 billion....

Financial planning

IRESS reports positive 2018

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

Policy & Regulation

Govt moves to double financial services penalties

The Federal Government is moving to introduce legislation which will have the effect of doubling the criminal and civil penalties which can be imposed against both corpor...

Funds management

Global dividends hit record in Q1

While global dividends reached record levels in the first quarter Australia is lagging, according to Janus Henderson....

Financial planning

AMP reports better profit but wealth struggles

AMP Limited appears to have turned a corner on profit but its wealth division has struggled despite better returns from advice and SMSFs....

Funds management

Continue chasing profits in uncertain times: AB

Investors should think like business owners and continue to search for persistent sources of growth during less favourable market conditions, according to AB....

Financial planning

Banks report modest profit increase: KPMG

The major Australian banks have reported a modest increase in aggregate profits amidst a challenging market environment and ongoing regulatory costs....

Financial planning

TAL insists profit sharing rebates go back to fund members

Big insurer TAL has insisted to a Parliamentary Committee that profit-sharing rebates paid to super funds are always used to benefit members and it has the right to audi...