The votes are in
In a unanimous vote, the shareholders of Lonsdale Financial Group have approved DKN Financial Group’s offer to acquire the company.
DKN shareholders will now need to vote on a number of resolutions relating to both the Lonsdale acquisition as well as its purchase of Zurich’s portfolio administration service business Wrap Account.
Following a court hearing to finalise the Scheme of Arrangement approval process, both acquisitions are expected to be completed on November 14, 2007.
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Financial advisers are reminded to ensure their CPD is up to date with the Financial Services and Credit Panel making its second determination in a week after an adviser failed to meet the requirements.
AWAG has entered a strategic joint venture relationship with Singapore-based financial services firm PhillipCapital, expanding its product and services distribution reach.
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
While efficiency remains a top priority for Australian advisers, State Street has revealed the profession is now juggling this desire with the need to maintain personalisation of its service offering.
