Mason Stevens to be acquired in PE deal

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

| By Rhea Nath |

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.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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Insignia board responds to Bain offer

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

| By Laura Dew |

Financial planning

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

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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The licensees leading 2024 share price growth

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

| By Laura Dew |

Financial planning

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

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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JBWere rolls out 2 fixed income products

JBWere/fixed-income/

| By Rhea Nath |

People & Products

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

AUTHOR

Rhea Nath

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AMP and Iress directors join AICD board

AICD/board-of-directors/

| By Laura Dew |

People & Products

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.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Advice opportunity as billionaires rise in Australia

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

| By Jasmine Siljic |

Financial planning

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.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Perpetual/KKR deal ruled ‘not in best interest of shareholders’

Perpetual/KKR/shareholders/australian-equities/equities/wealth-management/

| By Laura Dew |

Funds management

An independent expert has ruled the Perpetual deal with KKR is no longer in the best interest of shareholders in light of the increased tax liabilities.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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AZ NGA seeks to triple in size as Oaktree deal completes

AZ-NGA/Oaktree-Capital-Management/M&A/

| By Keith Ford |

Financial planning

AZ NGA is looking to triple in size over the next five years as US investment giant Oaktree completes its $240 million investment in the professional services company.

AUTHOR

Keith Ford

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E&P moves to non-executive board

Dixon-Advisory/e&p/E&P-Financial-Group/

| By Laura Dew |

Financial planning

E&P Financial Group has announced director Tony Johnson will move into a non-executive capacity next year, meaning chief executive Ben Keeble will be the only executive remaining on the board.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Firetrail’s investment strategy head Doyle among 4 to exit

firetrail/Pinnacle-Investment-Management/

| By Rhea Nath |

People & Products

Firetrail Investments has confirmed the departure of four executives over the last quarter, including head of investment strategy Anthony Doyle.

AUTHOR

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Mason Stevens to be acquired in PE deal

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Rhea Nath

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Insignia board responds to Bain offer

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The licensees leading 2024 share price growth

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Laura 's social profiles:

JBWere rolls out 2 fixed income products

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Rhea Nath

Rhea 's social profiles:

AMP and Iress directors join AICD board

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Advice opportunity as billionaires rise in Australia

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Jasmine Siljic

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Perpetual/KKR deal ruled ‘not in best interest of shareholders’

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Laura Dew

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AZ NGA seeks to triple in size as Oaktree deal completes

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Keith Ford

Keith 's social profiles:

E&P moves to non-executive board

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Firetrail’s investment strategy head Doyle among 4 to exit

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