The owner of Madison announced a net increase of full-year profits before tax of over 200%, as it restructured its wealth division following the acquisition of the advice group.
Climes profit before tax was reported at $3.8 million, an increase of 280% on financial year 2020.
A successful merger of Madison with Clime has allowed both businesses to enhance investment offerings to clients through increased scale and greater expertise available across the group, Clime said.
In its full-year results presentation, the company also noted a streamlining of processes and systems between the two businesses is ongoing, with a key focus being the simplification of Climes technology architecture to improve client experience.
Clime’s existing p…
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