Aussie fintech investment doubles to $2.1bn in 2024

KPMG/fintech/wealth-management/advice-technology/

| By Jasmine Siljic |

More than $2 billion in investment activity was recorded for Australian fintech firms last year, according to KPMG, with the GDG/Lonsec acquisition proving to be a notable deal in the second half.

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KPMG

fintech

wealth management

advice technology

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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Praemium targeting acquisition opportunities in non-custodial solutions

praemium/platforms/Alternatives/

| By Laura Dew |

Financial planning

Praemium has stated it is seeking accretive acquisition opportunities in the area of non-custodial solutions where it believes it can further grow its dominant market share.

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praemium

platforms

Alternatives

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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PIMCO to welcome new head of Australia

PIMCO/appointment/departure/

| By Jasmine Siljic |

Funds management

The fund manager has confirmed the departure of its local managing director and Australian head Rob Mead, naming two successors to take up his position.

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PIMCO

appointment

departure

AUTHOR

Jasmine Siljic

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Pacific Current turns to growth following divestment spree

Pacific-Current-Group/divestment/funds-management/

| By Jasmine Siljic |

Funds management

Reporting a half-year profit increase of 757 per cent following multiple divestments, Pacific Current Group is now exploring existing and new investment opportunities to accelerate growth.

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Pacific Current Group

divestment

funds management

AUTHOR

Jasmine Siljic

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Platinum makes major investment team shake-up

Platinum/Platinum-Asset-Management/exit/Andrew-Clifford/

| By Laura Dew |

Funds management

Platinum Asset Management has announced co-chief investment officers Andrew Clifford and Clay Smolinski are to step down from their roles.

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Platinum

Platinum Asset Management

exit

Andrew Clifford

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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Iress CEO warns on underestimating firm's wealth push

iress/advice-technology/fintech/financial-advice/

| By Laura Dew |

Financial planning

Iress chief executive Marcus Price has shared how he is seeing “massive tailwinds” in financial advice in Australia, with the firm turning its attention to digital advice following the completion of its transformation project.

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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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Centrepoint identifies 3 growth opportunities for advice business

Centrepoint/centrepoint-alliance/financial-advice/

| By Keith Ford |

Financial planning

Licensee Centrepoint Alliance has shared its first half FY25 results with strong performance coming from the acquisition of Financial Advice Matters.

AUTHOR

Keith Ford

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AZ NGA appoints former Fitzpatricks chief as CFO

AZ-NGA/Fitzpatricks/Fitzpatricks-Group/appointment/

| By Jasmine Siljic |

Financial planning

Professional services firm AZ NGA has announced a group chief financial officer, who previously spent six years as Fitzpatricks Financial Group’s CEO.

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Jasmine Siljic

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Selfwealth M&A battle continues with Svava binding proposal

selfwealth/M&A/Bell-Financial-Group/

| By Jasmine Siljic |

Funds management

Following the announcement last week that Selfwealth had formally commenced into a scheme of arrangement with Bell Financial Group, Svava has put forward a binding proposal to acquire the trading platform.

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selfwealth

M&A

Bell Financial Group

AUTHOR

Jasmine Siljic

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RQI Investors confirm dual research hires

realindex/First-Sentier-Investors/appointments/

| By Jasmine Siljic |

Funds management

RQI Investors, an active quantitative equities manager within First Sentier Investors Group, has bolstered its research team with two appointments.

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realindex

First Sentier Investors

appointments

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Aussie fintech investment doubles to $2.1bn in 2024

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Praemium targeting acquisition opportunities in non-custodial solutions

AUTHOR

Laura Dew

Laura 's social profiles:

PIMCO to welcome new head of Australia

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Pacific Current turns to growth following divestment spree

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Platinum makes major investment team shake-up

AUTHOR

Laura Dew

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Iress CEO warns on underestimating firm's wealth push

AUTHOR

Laura Dew

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Centrepoint identifies 3 growth opportunities for advice business

AUTHOR

Keith Ford

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AZ NGA appoints former Fitzpatricks chief as CFO

AUTHOR

Jasmine Siljic

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Selfwealth M&A battle continues with Svava binding proposal

AUTHOR

Jasmine Siljic

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RQI Investors confirm dual research hires

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Jasmine Siljic

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