AZ NGA makes first acquisition post-Oaktree deal

AZ-NGA/Sydney/financial-advice/M&A/

Professional services group AZ NGA has made its first acquisition since announcing a $240 million strategic partnership with US manager Oaktree Capital Management in September.

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Magellan shutters 2 sustainable funds

ESG/sustainable-funds/Magellan/

Magellan Financial Group has terminated three funds in its Core Series, including a sustainable fund and ESG fund, having determined they are “unlikely to achieve the necessary scale”.

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Insignia’s Hartley on unlocking Shadforth and Bridges’ potential

insignia-financial/insignia/Scott-Hartley/Shadforth/bridges/

As Insignia Financial looks to bolster its two financial advice businesses, Shadforth and Bridges, CEO Scott Hartley describes to Money Management how the firm will achieve these strategic growth plans.

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Centrepoint Alliance targets growth across all 3 adviser streams

centrepoint-alliance/financial-advice/AFSL/licensees/

Centrepoint Alliance says it is “just getting started” as it looks to drive growth via expanding all three streams of advisers within the business.

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Which licensees saw the most complaints in FY24?

AFCA/

AFCA’s latest statistics have shed light on which of the major licensees recorded the most consumer complaints in the last financial year.

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AWAG takes equity stake in Victorian advice firm

financial-advice/M&A/regional/Victoria/

Four months after making its first equity partnership, the Australian Wealth Advisors Group has taken a second stake in a regional Victorian advice and accountancy firm.

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Schroders establishes new group executive committee

Schroders/executive/appointment/

The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.

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PAC eyes accretive opportunities for long-term growth

Pacific-Current-Group/GQG-Partners/funds-under-management/

Pacific Current Group has used its AGM to detail its long-term growth plans after a period of multiple divestments and the progress of plans for a share buyback.

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Winners unveiled for Women in Finance Awards 2024

women-in-finance/women-in-financial-services/awards/gender-equality/gender-diversity/

Money Management and principal partner, Mortgage Choice, are proud to announce 30 winners for the annual Women in Finance Awards 2024.

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Financial adviser numbers swell by over a dozen

financial-advice/Wealth-Data/AFSL/Colin-Williams/

The financial advice profession has lifted back above the 15,500 mark this week thanks to a double-digit net rise in adviser numbers, according to Wealth Data.

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