ING-backed research house to close doors
|
|
ING-backed research house Financial Facts will close its doors by the end of this year.
The announcement was made on September 25, the last working day before the announcement of ANZ’s acquisition of the remaining 51 per cent of the bank’s joint venture with ING.
The research house has serviced ING-aligned dealer groups since 2007, prior to which it was known as ING Research. It has been led by respected researcher Margaret Callinan, supported by research manager Jeremy Graham-Higgs and analysts Fawaz Rashid, Andrew Athas and Hamish Bell.
“Since its launch Financial Facts has managed to successfully guide the ING-aligned dealer groups through the most tumultuous period in our lifetimes. We hope that future research providers will be able to continue this legacy and wish them all the best,” correspondence from the research team said.
The team at the research house will continue to operate in their current positions until Christmas, including completing a number of reports and reviews.
“Beyond that date we cannot presently state what arrangements will be made to replace the research function for our client base,” the letter stated.
Recommended for you
A strong demand for core fixed income solutions has seen the Betashares Australian Composite Bond ETF surpass $1 billion in funds under management, driven by both advisers and investors.
As the end of the year approaches, two listed advice licensees have seen significant year-on-year improvement in their share price with only one firm reporting a loss since the start of 2025.
Having departed Magellan after more than 18 years, its former head of investment Gerald Stack has been appointed as chief executive of MFF Group.
With scalability becoming increasingly important for advice firms, a specialist consultant says organisational structure and strategic planning can be the biggest hurdles for those chasing growth.
