Latest Financial Services News

Netwealth Group Limited has reported a landmark quarter with total Funds Under Administration soaring to $120.8 billion, driven by record first-quarter net flows of $4.1 billion and strategic service expansions.

Queste Communications reports steady investment holdings and a robust cash reserve of over $4 million for the quarter ending September 2025, underpinned by its controlling stake in Orion Equities.

Queste Communications Ltd reported a stable cash position with A$4.055 million in reserves at the end of September 2025, despite a slight net cash outflow from operations. The company’s financing activities provided a modest boost, underpinning its liquidity.

BlackRock Investment Management (Australia) Limited has announced estimated cash distributions for a suite of Australian iShares ETFs, outlining key dates and options for reinvestment. Investors are reminded to complete necessary tax certifications ahead of the record date.

Imperial Pacific Limited has announced its Dividend Reinvestment Plan (DRP) issue price for 2025 at $1.85 per new share, maintaining parity with current trading levels and foregoing any discount. New shares will be issued within two weeks, aligning with existing shares.

BlackWall Limited has confirmed the exact ratio for its in-specie dividend distribution, allocating one WOT security for every 24 BWF shares held as of the record date.

OpenLearning Limited has raised $2.6 million through a well-supported equity placement to accelerate its global growth and AI-driven product development, targeting new markets like the Philippines and Brazil.

Magellan Financial Group reported a modest rise in assets under management to A$40.2 billion as of 30 September 2025, reflecting shifts in retail and institutional investor activity.

Halo Technologies has appointed Peter Oxlade as CEO and George Paxton as COO, aligning leadership with its recent $3.9 million capital raise to fuel expansion across the Asia-Pacific region.

Assetora Limited has released its audited FY25 financial report showing a significant reduction in losses and a strengthened capital position, highlighted by the reopening of the DomaCom Fund and a $3 million private placement. The company aims to leverage these developments to accelerate growth in funds under management.

Australian Wealth Advisors Group Ltd (AWAG) has acquired a 20% stake in First Mutual Australia, marking a key step toward doubling its authorised representatives by mid-2026. This earnings accretive move underpins AWAG’s strategy to build a boutique ‘house of brands’ in financial advisory.

DigitalX Limited is ramping up its Bitcoin accumulation efforts by expanding trading activities and launching new Bitcoin-related products, aiming to reach 2,100 BTC by 2027.