Latest Financial Services News

WAM Active estimates its pre-tax NTA at $0.84 per share after October volatility hit small-cap resources and technology holdings. The listed investment company has declared 5.2 cents per share in fully franked dividends, while its Firmus Technologies valuation remains unchanged after the startup withdrew its IPO.

Finexia Financial Group subsidiary Shared Beginnings has entered voluntary administration after Finexia decided to stop providing further financial support. The move places seven early learning centres across three jurisdictions under administrator control, while the potential financial impact on Finexia remains uncertain.

Clime Capital has begun a valuation and private debt review after KPMG qualified its FY26 audit over $36.2 million of unlisted unit trusts. The company says it has not identified a material adverse change, but any adjustment to asset values, fees or receivables remains unresolved.

MONEYME opened FY27 with stronger growth, record-low net credit losses and its third consecutive quarter of positive Normalised NPAT. The unaudited result supports the lender’s reaffirmed FY27 target of breakeven to $7 million, while its expanding unsecured portfolio remains an important test.

TAL Daiichi Life Australia has tabled a conditional $11.80-per-share proposal to acquire the 79.5% of Challenger it does not already own. The approach arrives as Challenger reports a 52% jump in first-quarter sales, but remains non-binding and subject to due diligence, regulatory approval and a board recommendation.

Associate Global Partners lifted funds under management 20% to $1.672 billion in FY2026, powered by $172 million of net inflows and stronger WCM performance. The funds platform remains loss-making, but adjusted losses narrowed and post-year-end inflows began strongly.

Euroz Hartleys has appointed Alan Logan as CEO and unveiled a reshaped board as it prepares to complete the BMO transaction and focus on private wealth. Jay Hughes will return as chairman, while two current advisers will join the board as executive directors.

Resimac Group delivered a stronger FY26, with normalised NPAT up 26% to $49.9 million and total assets under management reaching a record $16.5 billion. The result supports higher ordinary dividends, but the lender is still managing asset finance run-off, ASIC hardship proceedings and longer-term funding risks.

Zip Co will ask shareholders to approve a five-for-one share consolidation at its 19 November AGM, reducing its ordinary shares from about 1.246 billion to 249.2 million on an indicative basis. The move is designed to reshape the company’s capital structure, not alter the underlying value of investors’ holdings.

Australian Finance Group used its 2026 AGM to highlight a stronger, less volume-dependent earnings base after statutory profit rose 39% in FY26. AFG Securities’ loan book has since reached $7.3 billion, while recent investments are expected to add $13 million to FY27 EBITDA under stated assumptions.

Clime Investment Management lifted FY26 net profit by 57% and nearly tripled net tangible assets after selling, closing or transferring several businesses. But KPMG qualified its audit opinion over evidence supporting millions of dollars in CAM-related revenue and receivables.

Kelly Partners Group Holdings has secured conditional ASX approval to delist, clearing a regulatory milestone in its proposed move to Nasdaq. The plan still depends on shareholder approval and the US listing process, with no effective delisting date set.