APAC clients to benefit from upgraded GBST platform
Financial planning technology provider GBST has completed a significant upgrade of its Composer platform for its APAC clients.
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Prime Financial grows FUM by 58% amid M&A push
Asset and wealth manager Prime Financial Group is looking to M&A and technology for future growth after growing its FUM by 58 per cent in FY25.
Intelliflo acquired by US giant in $200m deal
Intelliflo has been acquired by global investment firm Carlyle for $200 million, stating it wants to accelerate the software firm’s growth in Australia.
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.
Centrepoint looks to managed accounts as NPAT declines
Centrepoint Alliance, the third-largest advice licensee, has reported 40 per cent growth in its managed accounts business, but profits fell by a third.
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.
ASIC sues EQT over Shield failures
ASIC has launched civil penalty proceedings in the Federal Court against Equity Trustees for its role in the Shield Master Fund failure.
AUTHOR
Keith Ford
MDS partners with Morningstar amid service offering expansion
Self-licensing specialist My Dealer Services has announced partnerships with five businesses, including Morningstar and Peloton Partners, to expand its service offering.
AUTHOR
Shy-Ann Arkinstall
Forbes Fava acquires Melbourne boutique financial planning firm
Forbes Fava Financial Planning has acquired Melbourne-based firm Financial Planit, taking “another key step” towards its long-term strategic growth plans for the region.
AUTHOR
Shy-Ann Arkinstall
Prosperity Advisers Group exceeds $1bn FUM
Prosperity Advisers Group, a mid-tier advisory firm, has surpassed $1 billion in funds under management, hitting this milestone following a “sustained period of growth for the firm”.
AUTHOR
Shy-Ann Arkinstall
PAC sees statutory NPAT down 47%
Statutory NPAT at Pacific Current has almost halved in FY25 to $58.2 million as the result of an investment restructure.
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.
PI misconceptions keeping advisers locked out of crypto, despite strong demand
While crypto continues to gain traction among investors globally, improving accessibility for financial advisers is key to helping them serve the demand from younger clients, but there are some barriers still hindering adoption.
AUTHOR
Shy-Ann Arkinstall
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