Pinnacle Investment Management to make final payment for acquisition
Wilson HTM Investment Group’s majority-owned subsidiary, Pinnacle Investment Management, is to make its final payment for its share in Resolution Capital.
An initial payment of $10 million was made by Pinnacle Investment Management when it announced the acquisition for its 40 per cent share in September 2007.
In accordance with the sale agreement, a final transaction of $1.8 million will now be made.
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.
