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Looking beyond ‘plugging the gaps’ with M&A

M&A/mergers-and-acquisitions/consolidation/wealth-management/

Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.

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Where are advice firms finding new hires?

recruitment/salary/hiring/appointments/financial-advice/

With advice firms thinking about scaling up in 2025, research has detailed the main avenues financial advisers say they have used for successful recruitment.

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Managers ‘super bullish’ ahead of 2025

Bank-of-America/equities/cash/US-equities/Donald-Trump/

Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.

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Iress bids farewell to wealth CTO

iress/technology/wealth-management/

After seven years at the company, Iress’ chief technology officer for wealth management APAC, Anthony Gerrits, has departed as the firm commences a search process to fill the role.

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Mason Stevens to be acquired in PE deal

Mason-Stevens/M&A/private-equity/

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.

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Insignia board responds to Bain offer

insignia-financial/insignia/Scott-Hartley/private-equity/M&A/

The board of Insignia Financial has reached a decision regarding the possible acquisition of the firm by US private equity giant Bain Capital.

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The licensees leading 2024 share price growth

AFSL/equities/australian-equities/share-price/financial-advice/licensees/

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses.

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JBWere rolls out 2 fixed income products

JBWere/fixed-income/

Wealth manager JBWere has announced the launch of two fixed income strategies for wholesale clients, backed by UBS Asset Management.

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AMP and Iress directors join AICD board

AICD/board-of-directors/

AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.

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Advice opportunity as billionaires rise in Australia

UBS/HNW/high-net-worth/financial-advisers/

There has been a 16.3 per cent rise in the wealth of Australian billionaires this year to over $200 billion, UBS finds, as Australian advisers shift their offerings to meet this expansion and service their unique needs.

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