PM Capital bids for 2 Platinum LICs

PM-Capital/Platinum/Platinum-Asset-Management/listed-investment-companies/M&A/

PM Capital’s Global Opportunities Fund has made a binding offer to acquire the two listed investment companies run by Platinum Asset Management.

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TAL appoints 2 to board

TAL-Life/appointment/

TAL has appointed two experienced financial services professionals to its board including a new chair for the business to replace Mark Joiner.

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Relative Return Unplugged: Is ASIC making super funds enemies with private market crackdown?

Relative-Return/Podcast/

In this episode of Relative Return Unplugged, hosts Maja Garaca Djurdjevic and Keith Ford discuss the corporate

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Court takes latest action in Shield Master Fund case

ASIC/court/financial-advice/

The Federal Court has frozen the assets of two individuals, Ferras Merhi and Osama Saad, for their connections to the troubled Shield Master Fund.

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Doomed KKR deal causes 65% fall in Perpetual profit

Perpetual/KKR/asset-management/

Costs associated with the failed KKR deal have caused Perpetual’s statutory net profit after tax to more than halve to $12 million for the first half of FY25.

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AMP’s offshoring move slammed as ‘terrible outcome’ by FSU

fsu/amp/offshore/financial-advice/Finance-Sector-Union/

The Finance Union Sector has criticised AMP’s decision to move jobs offshore and questioned “what they will strip away next” in the ongoing business simplification.

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Why did Regal back out of Platinum bid?

Regal-Partners-Limited/regal/Platinum/M&A/

Regal Partners has expanded on its decision to walk away from a potential acquisition of Platinum as it shares its full-year results.

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Platinum NPAT halves amid $1.6bn retail outflows

Platinum/Platinum-Asset-Management/outflows/

Platinum Asset Management has seen its profits halve in the first half of FY25 to $15.9 million, attributed to the lower FUM after experiencing $1.6 billion in retail outflows.

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Count seeks to boost advice revenue

Count-Financial/Countplus/financial-advice/Hugh-Humphrey/

Count is looking to adviser recruitment, acquisition of financial planning fee parcels, and cross-selling to accounting clients to improve its financial planning revenue as well as a fourfold M&A strategy.

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Integro Private Wealth enters eastern seaboard market

Perth/Brisbane/financial-advice/private-markets/

The Perth-based wealth management firm has formed a strategic partnership with an accounting business in Brisbane, signifying its expansion into Australia’s east coast.

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