Wealth and Asset Management
Diversified wealth manager IOOF's annual profit drops 16pc
Diversified wealth management company IOOF has seen its net flows climb by 156 per cent to $4.6 billion, as its full-year profit from continuing operations dropped 16 per cent. The strength of net flows have taken IOOF's fund under administration and advice (FUMA) to $115 billion for the 12 months…
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