Latest News | Money Management
Australian Ethical has reported its net profit after tax (NPAT) fell 15% to $9.6 million for the year ended 30 June, while its underlying profit after tax (UPAT) declined... Accounting. 25 August 2022. Insignia announces 59% increase in profits. Insignia Financial has announced a 59% increase in its underlying net profit after tax (UNPAT) to ...
How did Australia’s largest super funds perform in FY22–23?
Jul 6, 2023 · Superannuation. AustralianSuper and Australian Retirement Trust (ART) have posted their financial results for the 2022–23 financial year. ART, which has 2.2 million members and over $240 billion in assets under management, saw returns of 10 per cent in its Super Savings Balanced portfolio. Head of investment strategy, Andrew Fisher, said the ...
News - Money Management
Platform v adviser: Who decides on product selection? With multiple funds seeing assets frozen, three platforms have shared with Money Management how they guard against holding a troubled product and how much responsibility ... Financial planning.
Which wealth platform saw the highest FUA growth in 1H24?
Mar 6, 2024 · HUB24 recorded the highest growth in total funds under administration (FUA) of $18.2 billion (25 per cent) to $91.2 billion from $73 billion in the previous period. The platform underlying net profit after tax (NPAT) grew 14 per cent to $30.4 million in the past six months, while the firm is expecting record net inflows for the full year of $16 ...
Are you with the top 10 super fund of 2022–23? - Money …
Jul 17, 2023 · The $34 billion fund delivered a 13.3 per cent return in the last 12 months, followed by Vision Super (11 per cent) and Brighter Super (10.6 per cent). The top five performing balanced options were rounded up by UniSuper (10.3 per cent) and Equip Super (10.1 per cent). SuperRatings said fund options classed as balanced are those with between 60 ...
How did Aussie fund managers fare in FY24? | Money Management
Sep 9, 2024 · Vinva manages active systematic equity strategies across Australian and global equity markets and has $22 billion in FUM, having been founded in 2010. Platinum Asset Management. The firm announced a statutory NPAT of $45 million, a drop of 45 per cent from FY23 when it was $80.9 million. FUM was $13 billion, a decrease of 25 per cent from a ...
The state of financial wellbeing in Australia - Money Management
Mar 14, 2023 · Australians’ financial literacy levels went backwards between 2016 and 2020, especially among people aged under-35, according to the Household, Income and Labour Dynamics in Australia (HILDA). Similarly, research from the University of Newcastle last year found just 66% of Australians could be classified as financially literate.
Managed accounts see 50% rise in adviser usage - Money …
Feb 27, 2024 · In 2023, 54 per cent of advisers surveyed said they were using managed accounts for all or a portion of their clients, up from 49 per cent in 2022. The total is a 50 per cent rise from statistics five years ago, when only 36 per cent were using them in 2019. Reasons for advisers to favour the vehicle include personalised solutions, compliance ...
Aussie wealth management amounts to $3.06t
Aug 18, 2021 · Aussie wealth management amounts to $3.06t. The wealth management has seen an increase of $266 billion during the financial year 2020-21 despite the overall share in the financial services market declining by 0.9% points, according to Roy Morgan. The sector accounted for over a quarter of the entire financial services market in Australia and ...
Financial planning - Money Management
Specialist network an ‘absolute must’ for advisers. Over 70 per cent of financial advisers are regularly working with other specialists in tax, aged care and estate planning, according to Viridian, to meet increasingly com... INDUSTRY NEWS.