Latest Wealth Management News

Prime Financial Group has agreed to acquire Lincoln Indicators, a leading Australian investment research and funds management firm, significantly boosting its wealth management capabilities and client base.

MyState Limited has finalized its merger with Auswide Bank, positioning the combined entity for significant cost savings and earnings growth while maintaining strong capital and customer metrics.

MyState Limited reported a modest revenue increase but an 8.9% decline in statutory profit for the half year ended December 2024, while declaring a fully franked interim dividend. The company is set to complete a transformative merger with Auswide Bank, aiming for earnings accretion from FY26.

Bell Financial Group has reported a robust FY2024 performance, with profit after tax rising 26.4% amid improving market conditions and record Funds Under Advice. The company’s strategic focus on technology and recurring revenue streams underpins its growth trajectory.

Sequoia Financial Group will release its half-year FY25 financial results on 27 February 2025, accompanied by an investor webinar hosted by its CEO and CFO.

HUB24 has delivered a robust half-year performance for 1HFY25, marked by significant revenue growth, record net inflows, and expanding adviser engagement, reinforcing its leadership in Australia’s wealth management technology sector.

HUB24 has delivered a standout first half of FY25, posting record platform net inflows of $9.5 billion and a 40% rise in underlying net profit, reinforcing its position as a market leader in Australia’s wealth management sector.

HUB24 has reported a robust first half FY25 with a 41% jump in underlying EBITDA and upgraded its FY26 platform funds under administration target, underscoring its accelerating market momentum.

HUB24 Limited has reported robust growth in its half-year results to December 2024, with revenue climbing 25% and underlying net profit after tax soaring 40%. The company also announced a 30% increase in its fully franked interim dividend, underscoring confidence in its ongoing momentum.

Australian Bond Exchange Holdings has entered a strategic Liquidity Provision Agreement with ViewTrade Australia, aiming to broaden investor access to OTC securities globally through integrated technology and expanded market channels.

Perpetual Limited has received updated, non-binding proposals from KKR for its Wealth Management and Corporate Trust businesses, but key terms and shareholder proceeds remain uncertain.

AMP Limited’s FY24 Data Pack outlines a solid underlying profit performance despite headwinds, with key insights into its banking, platform, and wealth management divisions.