RESULTS

Financial planning

Negative market movements led to a 53% decline in quarterly net inflows for Praemium in the June quarter....

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Financial planning

Over 14,850 have now passed the exam, almost three-quarters of the advisers on the Financial Adviser Register. ...

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Financial planning

Fewer provisions and the success of new strategies has seen Westpac post a solid first half....

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Financial planning

The bank has created a new division that will encompass its wealth platforms, superannuation and retirement products, investments, general and life insurance, and auto fi...

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Funds management

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

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Funds management

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

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Superannuation

The firm’s client numbers have taken a hit off the back of legacy issues and five years of mergers and acquisition....

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Funds management

Challenger has announced a reshape of its business, with stronger direct engagement with prospective customers and increased support for advisers....

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Policy & Regulation

The Financial Adviser Standards and Ethics Authority has released its June exam results, from the inaugural financial advisers exam, with 90 per cent of candidates passin...

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Financial planning

Half-year major bank result analysis by Deloitte shows the banks are still struggling to make growth against the headwinds....

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Financial planning

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....

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Financial planning

Fund administrator, Mainstream Group Holdings, has posted an 11 per cent growth in funds under administration, on prior quarter....

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Policy & Regulation

ANZ’s full-year cash profit has taken a hit as it seeks to move beyond wealth remediation and costs associated with the Royal Commission....

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Funds management

Antipodes Global Investment Company (APL) has declared its maiden dividend of five cents per share, 50 per cent franked....

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Life/Risk

Personal insolvencies in the March quarter 2018 rose a slight 0.1 per cent on the same quarter in 2017 to 7,910....

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MARKET INSIGHTS

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Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

4 days 5 hours ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

4 days 6 hours ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

5 days 5 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 1 week 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. ...

8 months 4 weeks ago

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

9 months 1 week ago