Equity Trustees completes OAMPS Super acquisition
Equity Trustees has completed its acquisition of the OAMPS Superannuation Fund.
The company said completion of the acquisition had been achieved on Monday with Equity Trustees chairman, Tony Killen, describing it as “part of our step growth in the superannuation sector and a great bolt-on to our existing master trust business”.
His sentiments were backed by Equity Trustees managing director Robin Burns, who said it would provide further strength to the company’s superannuation offering and its overall wealth management and funds management business.
The OAMPS Super Fund has around $265 million in funds under management and around 27,000 members.
Recommended for you
With HNW investors representing the largest market for alternative assets, Praemium and CoreData research underscores why this presents a compelling opportunity for advisers.
Having completed the successful integration of Diverger, Count has upgraded its forecast for expected synergy benefits achieved by the acquisition by a third.
Australia’s largest licensee has seen the biggest number of adviser losses over the past week, while the expected wave of new entrants has boosted overall adviser numbers.
Iress has increased its forecast adjusted EBITDA by $5 million for the 2023/24 financial year in light of the sale of its platform business to Praemium and hinted at a return to dividend payments.