Some companies’ results are more noteworthy for what they don’t disclose than for what they do and ASB Bank has continued its tradition of not reporting how much of its mortgage business depends on mortgage advisers, unlike the other major banks and Kiwibank.

ASB Bank continued to increase its mortgage book at a rate above its market share through the year ended June, making up for lost time in the first half of 2024 when its book shrank because its offering wasn’t competitive.

Much lower performance fees in the year ended March meant Milford Funds’ annual net profit fell 13.3% to $16.9 million.

Asked what we should make of Harbour Asset Management’s latest financial results, co-chief executive Andrew Bascand says they show the business is profitable and has a strong balance sheet.

Sharesies’ KiwiSaver scheme should tip over into break-even and profitability in the current financial year, says the company’s KiwiSaver general manager Matt Macpherson.

Sydney-based Mercury Capital to buy up to 30% of Forsyth Barr.

Generate’s strong investment returns appear to be translating into profits and rapid growth, if the company’s latest financial statements are any guide.

Booster Investment Management (BMIL) says some of the Financial Markets Authority’s 75 causes of action against it are out of time and it continues to assert that decisions about related party dealings were in the best interests of investors.

Unless another suitor emerges or the independent valuer pans the proposal, it looks very likely that the poorly performing ASX-listed Platinum Asset Management will disappear into a backdoor listing for the much more successful L1 Capital investment team.

Generate’s KiwiSaver funds had a particularly good June quarter with its $1.94 billion growth fund and $710 million moderate funds both delivering the best returns for the three months, according to MJW’s latest survey.

It hasn’t been the best of years for Mint Asset Management with fee income dropping 13.4% overall.

Salt Funds Management’s Sale Long Short Fund performed well enough to earn the management team a performance fee, which is why the fees earned jumped to $2.9 million in the year ended March from $1.1 million the previous year.

Jarden Securities' annual net profit excluding the since-sold wealth management business jumped 26% while revealing that investment banking and unrealised capital gains contributed the bulk of the increase.

Proposed new powers for the Financial Markets Authority (FMA), including for without-notice warrantless on-site inspections, should be scrapped because there’s no evidence such powers are needed, according to law firm DLA Piper.

Australia-based Shaw and Partners will pay $67.5 million for 75% of Investment Services Group (ISG), which owns the Devon Funds, JMI Wealth, Select Wealth, Clarity Funds and TAHITO brands in the wealth management space, chair Paul Glass confirmed.

US President Donald Trump’s tariffs and trade policy are posing a risk to US exceptionalism and “Trump is in the process of making the rest of the world great again,” according to Jacob Mitchell, chief investment officer and founder of Antipodes, a Sydney-based investment manager.