Madison to remain Madison
The rebranding of dealer group, Madison, to Sargon will not proceed as OneVue and the Sargon administrators work out the future of the business.
In an announcement to the Australian Securities Exchange (ASX), OneVue said Madison’s operating business was not subject to any form of insolvency proceedings and continued to operate on a business as usual basis.
OneVue and the receivers would work with Madison for the sale of the business and as part of the process the Sargon rebranding of Madison had ceased and the dealer group would continue under the Madison name.
OneVue managing director, Connie Mckeage, said: “We have known most of the Madison advisers for many years and we care about them and their business.
“The group has been through quite an unsettling couple of years and our main aim is to enable the advisers to get on with the day-to-day servicing of their clients without interruption.”
Recommended for you
While the number of advisers switching tends to tick up at the end of the year, Padua Wealth Data reveals which business model sees the most adviser loyalty.
Private credit, auditor misconduct and super trustees have been listed among ASIC’s priorities as the regulator unveils its top focus points for the coming year.
Melbourne-based investment manager Woodbridge Capital has appointed an origination director for south-east Queensland, strengthening its foothold in the region as part of its national expansion strategy.
Barings has appointed a new head of Asia Pacific to succeed Duncan Robertson, who will retire after almost two decades with the firm.
