Macquarie picks up slice of Tolhurst
Macquarie has moved to extend its financial planning footprint, announcing its intention to acquire 19.4 per cent of the Tolhurst Group.
The proposed transaction, announced today, is being flagged as “cementing an ongoing strategic relationship between Macquarie and Tolhurst”.
The arrangement will see mutually beneficial arrangements being entered into with respect to broking and equity capital markets. From a financial planning point of view, it will see Tolhurst using its wealth management operations and distribution capacity to “explore opportunities to utilise the Macquarie platform, products and services”.
AUTHOR
Mike Taylor
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