ACQUISITION

Funds management

Investment group Generation Development Group has picked up a key 37% stake in research and ratings house, Lonsec....

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Financial planning

CountPlus member firm AdviceCo has announced it has completed a tuck-in acquisition of the accounting revenues of Arch Capital under the CountPlus ‘owner-driver, partner’...

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Financial planning

The acquisition would allow Matthews Steer Accountants and Advisors to leverage the scale, resources and capabilities of the broader AZ NGA network....

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Financial planning

Its official. IOOF will acquire MLC Wealth but will not carry remediation costs....

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People & Products

Class has acquired Smartcorp for $4.2 million with the transaction to be completed by 20 August....

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Funds management

Global investment management firm Franklin Templeton, has announced a completion of acquisition of Legg Mason, creating a firm with US $1.4 trillion in assets under manag...

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Funds management

Perpetual has picked up a 75% stake in significant US investment business, Barrow, Hanley, Mewhinney and Strauss....

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Financial planning

Those looking to acquire advice firms may be well-advised to terminate advisers if they have questionable regulatory compliance histories....

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Financial planning

Praemium has moved to acquire PowerWrap to create one of Australia’s largest independent specialist platform providers....

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Funds management

Research and ratings house Zenith Investment Partners has achieved what amounts to a reverse listing by acquiring publicly-listed Chant West Holdings....

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Funds management

One listed financial stock has demonstrated a spectacular turnaround to report 230% returns after seeing losses of 69% earlier this year. ...

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Financial planning

Clime Investment Management has emerged as the buyer of Madison. ...

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Financial planning

The proposed Iress acquisition of OneVue has surprised many but is explained by the synergies and returns which can be derived by leveraging technology and reach. ...

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Financial planning

Financial services technology company, Iress has moved to acquire OneVue....

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People & Products

Managed funds services business Ausmaq is now known as Clearstream Australia after the competition of its acquisition by Clearstream. ...

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MARKET INSIGHTS

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Never miss the latest news and developments in wealth management industry

Graeme

FWIW I am a long term holder of both. I am relaxed about my LICs trading at a discount. Part of a cycle. I would like...

7 hours ago
Ross Smith

The term "The democratisation of private assets continues to gain steam" is marketing misleading. There is no democracy...

9 hours ago
Greg

I have passed this exam, and it is not easy or fair exam. It's no wonder that advisers are falsifying their results. ...

3 days 8 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 3 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 1 week ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 3 weeks ago