Wealth Management News

ifa Following more than two years of handwringing over how to handle the proposed increase in the tax on earnings for super balances above $3 million, Treasurer Jim Chalmers reversed course on Monday and conceded on essentially every measure that critics had attacked. Division 296 will go ahead; however, it will no longer apply to unrealised gains, […]

InvestorDaily Private equity investors are piling into the booming cyber security sector, with record levels of undeployed capital chasing opportunities alongside heightened demand from governments and corporates, fuelling strong ETF performance and global investment growth. Cyber security has cemented itself as a structural investment theme, with global spending forecast to climb up to US$377 billion […]

InvestorDaily In its full-year results announcement, Praemium noted that its statutory net profit after tax (NPAT) was up 55 per cent on FY23–24 to $13.6 million, while underlying EBITDA was up 31 per cent or $6.6 million to $28.1 million for the year. Revenue from contracts with customers reached $103 million for the year to […]

InvestorDaily BlackRock Australia’s chief investment officer, Michael McCorry, says navigating uncertainty requires a blend of strategic flexibility and disciplined execution, particularly in a world of rapid geopolitical and policy shifts. “There are times to be bearish. And there are a lot of geopolitical risks out there. Certainly things you need to consider in a portfolio,” […]

InvestorDaily Growing investor demand, structural supply-side factors and a shift in strategy across the buyout landscape is expected to see annual exit values from continuation investments increase 329 per cent by 2034, according to new analysis by Schroders Capital. In 2024, continuation-related buyout and growth capital exit value had already reached close to US$45 billion, […]

InvestorDaily Speaking to InvestorDaily, Paul Barrett, CEO of AZ NGA, highlighted the clear influx of global institutions into the Australian wealth management sector, but said this surge of investment will eventually dry up. Earlier this month, AZ Next Generation Advisory (AZ NGA) announced it had secured a $345 million senior secured credit facility, led by […]