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
Recommended for you
The Australian Financial Complaints Authority has reported an 18 per cent increase in investment and advice complaints received in the financial year 2025, rebounding from the previous year’s 26 per cent dip.
EY has broken down which uses of artificial intelligence are presenting the most benefits for wealth managers as well as whether it will impact employee headcounts.
Advice licensee Sequoia Financial Group has promoted Sophie Chen as an executive director, following her work on the firm’s Asia Pacific strategy.
The former licensee of Anthony Del Vecchio, a Melbourne adviser sentenced for a $4.5 million theft, has seen its AFSL cancelled by ASIC after a payment by the Compensation Scheme of Last Resort.
