ACQUISITION
Life/Risk
Lowers sales through advice channels have helped contribute to life/risk new sales reaching a five year low, according to new data released by Dexx&r....
Funds management
Pinnacle Investment Management has taken the 25% stake in Chris Joye’s Coolabah Capital previously owned by the Bennett Family....
Financial planning
Sydney-based Stanford Brown has announced the acquisition of Godfrey Pembroke advice firm, World Square Financial Services....
Financial planning
Announced a month ago, the acquisition is now completed with AdviserLogic chief executive Daniel Gara staying in his role....
Life/Risk
Resolution Life, the company which is acquiring AMP Life, has gone to the market and raised US$3 billion ahead of closing the AMP deal early next year....
People & Products
The firm made a $2.89 million investment in the Gippsland area accounting and financial planning firm....
Funds management
Bravura has continued on the acquisition trail, this time picking up UK-focused software firm, FinoComp....
Superannuation
With the Australian Prudential Regulation Authority legal action out of the way IOOF has secured its acquisition of ANZ’s OnePath Pension and Investments business....
Funds management
Boutique fund manager, Perennial Value Management, has announced that its senior executives intends to acquire the remaining 42.4% interest in the business from IOOF Hold...
Financial planning
Financial technology firm GBST is yet to set a date for its annual general meeting, having been granted an extension by the Australian Securities Exchange....
Financial planning
Bravura describes the move as ‘strong strategic fit’ for the two companies as it looks to expand its domestic and international reach....
Funds management
Shareholders at CBG Capital are being urged to accept an acquisition offer from Clime Capital to acquire 58.46 per cent of its shares, or risk missing out on their next q...
Financial planning
Publicly-listed financial services group, Sequoia may have just acquired Libertas Financial Planning but it is ready to offload businesses that don’t meet its return on e...
Financial planning
Financial technology company GBST has seen pre-tax profits rise by 80 per cent to $14 million for the full year 2019....
Financial planning
The firm will acquire Count Financial from Commbank for $2.5 million....
Never miss the latest news and developments in wealth management industry
MARKET INSIGHTS
Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...