Insignia Financial Group has published its half-year results for the 2023 financial year (1H233), revealing the underlying performance of Insignia’s advice business improved over 1H23 but continued to operate at a loss — $21.9 million (up 22.6 per cent).
Net revenue of $103.7 million was nullified by expenses totalling $128.5 million.
Notably, Insignia’s financial adviser network also declined, dropping from 1,765 advisers in 1H22 to 1,525 in 1H23.
Insignia Financial Group has published its half-year results for...
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