ASX announcement

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In what has been a turbulent year for the financial services sector, wealth management company Australian Ethical has gone from strength to strength, registering 18% growth in underlying profit for the 2017-18 financial year.

According to their most recent ASX announcement, Australian Ethical’s revenue increased by 27%, pushing their underlying profit to $5 million. Managing Director Phil Vernon credits strong member growth, strong inflows and positive investment performance for “another year of excellent growth across the business”.

“People choose Australian Ethical because of our high conviction ethical standards and our long term track record of investment performance”, says Vernon. “Our customer satisfaction scores and retention rates are among the best in the industry”.

Australian Ethical has been a proud member of Future Business Council since 2015.

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Written by Angus Mcdonough

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