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Latest News
Perpetual weighed down by wealth management business
|Perpetual Group recorded "stable" revenue of $1.4 billion in FY26, as growth was affected by lower asset and wealth management revenue.
Super trustee business dents Equity Trustees' FY26 results
|Equity Trustees (EQT) posted substantial growth in profits in the financial year ending June 30, despite sustaining a $7.5 million loss from its super trustee business over the period.
GDG posts 21% profit rise as record inflows lift FUM
|Generation Development Group (GDG) has reported a 21% increase in underlying net profit after tax to $40.7 million for FY26, driven by a record $9.7 billion in net inflows and a 37% increase in funds under management (FUM).
MFG profit falls 47% as Barrenjoey lifts combined earnings
|Magellan Financial Group's (MFG) statutory net profit has fallen 47% to $88 million in FY26, despite stronger earnings from Barrenjoey helping lift the combined group's operating profit.
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On the horizon
MICHAEL TOWNSEND
PARTNER & PRIVATE WEALTH ADVISER
TOWNSEND COBAIN PTY LTD
PARTNER & PRIVATE WEALTH ADVISER
TOWNSEND COBAIN PTY LTD
Tim Townsend is a people person at heart, and using managed accounts he has more time to do what he loves most - engaging with clients. But that doesn't mean just any solution will do. Eliza Bavin writes.
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