M&A

Financial planning

CountPlus acquires Victorian accounting firm

The advisory company announced their subsidiary firm, Moggs Accounting + Advisory, has acquired a Victorian accounting firm....

Policy & Regulation

Addressing the risks of financial crime in M&A activity

As M&A activity continues to re-shape the wealth and superannuation landscape, experts have highlighted key regulatory questions for firms to keep in mind when completing...

Funds management

Expect further M&A in 2023: EY

M&A activity in the asset and wealth management space is expected to continue in 2023, according to EY, as firms see pressure on margins and profitability....

People & Products

AZ NGA acquires stake in SCM Financial Group

AZ Next Generation Advisory has acquired a stake in SCM Financial Group (formerly Scholten Collins McKissock) following a competitive tender process....

Financial planning

CountPlus commits to further M&A to boost advisory model

CountPlus has indicated it is seeking to make multiple acquisitions with 12 active M&A opportunities in the pipeline....

Funds management

The two sides of the Pendal/Perpetual deal

The acquisition of Pendal by Perpetual will bring client and staff attrition risk as it creates a $201 billion fund manager, according to research house IBISWorld, but th...

Financial planning

Advice firm acquirers looking beyond client book

Companies looking to make acquisitions of financial advice firms are seeking those which have specialisations or a positive business culture rather than just a large clie...

Superannuation

‘Consolidation indigestion’ hinders super fund mergers

The prudential regulator is pushing for superannuation funds to merge to deliver member benefits but some are facing ‘consolidation indigestion’ in the process....

Superannuation

Expect two more years of M&A in super: APRA

The prudential regulator has confirmed it is expecting to see the rapid pace of consolidation among superannuation funds to continue for the next two years....

Superannuation

Ambitious plans for Mercer as merger doubles FUM

The merger between BT Super and Mercer will help advance Mercer on its mission to be the best superannuation fund in the market while members could see more than 25% fee ...

Funds management

Pendal rejects Perpetual bid

Pendal has rejected a bid from Perpetual as it believes it is not in members’ best interest and significantly undervalues the company....

Funds management

Standout year for IPOS and M&A

Record high M&A activity, share buybacks and special dividends in 2021 helped to increase demand for IPOS as cash was returned to investors and then redeployed....

Financial planning

Average M&A deal size triples to $150m

Average deal size in the first quarter of FY22 has risen from $42 million a year ago to $150 million, according to HLB Mann Judd, with the largest deal belonging to a fin...