Insignia Financial

The Insignia Community Foundation supports programs that reach people in small communities right across Australia to provide support for financial wellbeing, basic needs, reconciliation, social inclusion or mental health. We recently commenced supporting new programs with Gotcha4Life Foundation, Youth Focus and LIVE4LIFE to provide information and services to young people experiencing mental health challenges. Our final grant round for 2024 opens on 1 December and we welcome applications from charitable organisations. Applications close on 31 December. For more information visit: https://lnkd.in/gq8U4C_G #InsigniaCommunityFoundation #GrantRound?

Congratulations to Shadforth Financial Group Ltd on having 25 advisers included in the Barron's Top Financial Advisers List, and for being the most recognised firm in the 2024 list. #Barrons #financialadvice #Shadforth Terry Dillon Christina Anderson Phillip Gillard Charlie Fraser Ashley Davis Brad Wira Andrew Bollen Andrew Mccracken Clint Beeck Andrew Harrison Philip Davison Andrew Pidgeon Kevin Centra Sally Huynh Steven Grenda CFP Belinda von Knoll Simon Growden Campbell Sorell Joshua Blythe Harriet Gibb Andrew Brunero Kathryn Humphreys Stuart Graham Campbell Breheny Jackie Kirkwood Craig Raits Finn Dorney

We’re proud to have placed fourth in the GoodCompany Awards for 2024, recognising Australian companies who give back. This award highlights how we engage our people in the community and the programs we deliver that bring benefit to our community, environment, suppliers, customers and other stakeholders. https://lnkd.in/gEBJhnEk #top5 #community #impact

Insignia Financial today outlined its strategy to become Australia’s leading and most efficient wealth management company by 2030 through technology and product innovation, cost optimisation and simplification at an Investor Day in Sydney. Insignia Financial CEO Scott Hartley and the refreshed leadership team outlined how each of the company’s four business lines – Advice, Wrap, Master Trust and Asset Management – would drive scalable and sustainable growth while targeting around $200 million p.a. in net cost savings by FY30. “Our vision is for Insignia Financial to be Australia's leading and most efficient wealth management company by 2030, and through the breadth and expertise of our competitive businesses we will deliver innovative, quality outcomes for customers, and drive double digit earnings growth," said Mr Hartley. “Through MLC Australia – as our go-forward consumer brand - and Shadforth Financial Group Ltd and Bridges Financial Services – our financial advice brands – we have some of the strongest brands within the wealth and financial advice market, and our strategy will unlock their potential to drive growth.” Read more here: https://lnkd.in/gXY9QHCQ Renee Howie, Liz McCarthy, David Chalmers, Dave Woodall, Garry Mulcahy, Daniel Farmer, James Mayfield, Terry Dillon, Jason Sommer, Anvij Saxena, Melissa Walls, Adrianna Bisogni, Lawrence Hastings #growth #strategy #investorday

Today Insignia Financial provided its quarterly update for the three months ended 30 September 2024 (1Q25). Insignia Financial CEO, Scott Hartley, said, “The strategic initiatives delivered in FY24 and 1Q25 have provided a strong foundation for growth, which we will continue to build on throughout FY25. “FUMA grew to $319.6 billion during the quarter supported by strong market growth, and provides the opportunity to drive efficiencies and economies of scale. “Looking forward, we remain on-track to deliver our FY25 initiatives including separation from NAB, accelerated cost optimisation, embedding our new operating structure and announcing our FY26-30 strategy at the upcoming Investor Day.” Read more here: https://lnkd.in/gsdHthkR #results #companyperformance #businessupdate

Introducing MLC’s 2024 Financial Freedom Report - https://lnkd.in/gqaG4BRu. Our latest research* looks into what financial freedom means for Australians – and how current economic and social challenges are impacting financial behaviour. #MLC #FinancialFreedomReport #financialwellbeing *MLC commissioned Social Research Agency McCrindle in February 2024, surveyed 2,507 Australians across different ages, genders, and locations, to explore financial wellbeing and what it means to them.

As we near the end of?STEPtember, we’re excited to highlight the efforts of our people who have been raising funds and awareness in support of our partner, Cerebral Palsy Alliance (CPA). With 68 teams participating we’ve taken 52,426,080 steps and raised $25,143.49. We are also pleased to share our Insignia Financial Community Foundation has granted CPA a donation to deliver its ‘CPActive Young Changemakers Program’. This 12-week program helps young people with cerebral palsy and similar conditions to develop skills and provide pathways towards advocacy and leadership. CPA delivers critically important work, empowering young individuals and supporting them in developing life skills and creating pathways for greater independence. It’s been great to see the dedication from everyone involved - let’s keep moving for the final stretch!? #inclusion #team #STEPtember?

Insignia Financial has today announced the appointment of Danielle Press as Chair and Non-Executive Director of the Insignia Financial Ltd (IFL) Trustees (Insignia Trustees)*. Ms Press will join the Trustees as a Non-Executive Director from 19 September 2024 and will commence as Chair in November. Ms Press joins the Insignia Trustees with more than 30 years’ experience across the financial services industry, most recently as a Commissioner at ASIC between 2018 and 2023. Prior to that she was CEO at The Myer Family Company Ltd, CEO at Equip Super and Managing Director at UBS Global Asset Management. Commenting on the appointment, Insignia Financial Chair Allan Griffiths said attracting someone of Ms Press’ calibre and experience to Chair the Insignia Trustees would serve the organisation’s super fund members well. Read more here: https://lnkd.in/gxsjiFax #superannuation #appointment?

Today Insignia Financial announced its full year results for the year ended 30 June 2024. Commenting on the result, Insignia Financial CEO Scott Hartley said, “It is pleasing to report strong underlying net profit after tax growth of 13.6% to $216.6 million, underpinned by a net reduction in costs of $24 million. Notwithstanding the positive momentum in the underlying business, NPAT was impacted by an increase in remediation provisions, as well as strategic investments. “We acknowledge the pause in dividend payments will be disappointing for some of our shareholders however, at this time, we must prioritise strengthening our balance sheet. “As an organisation we have delivered on our FY24 priorities, which have further simplified our business and reduced costs. We remain on-track and committed to delivering our FY24-26 commitments and, in addition, accelerating our cost optimisation program and reviewing our Master Trust end state operating model. “Over the last 12 months we have successfully migrated MLC Wrap to Expand, restructured our Advice business, and divested non-core assets demonstrating our strong track record of execution. We continue to simplify our business and the recently announced new operating structure will drive enhanced accountability and improve efficiency. “Insignia Financial’s strong, scalable positions across the wealth management value chain create the opportunity to deliver long-term sustainable growth for our shareholders and improved outcomes for customers.” Read more here: https://lnkd.in/gg-xCKdE #results #companyperformance?

The Insignia Community Foundation has furthered its support for Australia’s leading food rescue organisation, OzHarvest, following our people’s commitment to volunteering with the charity over the past few years via its program, Cooking for a Cause. We’re now also supporting one of OzHarvest’s education programs, Nourish, a hospitality training program that provides skills and a pathway into employment or further education for young people aged 16-25 in Adelaide, Newcastle, and Sydney. #skills #foundation