MERGERS AND ACQUISITIONS
Policy & Regulation
Independent dealer groups can still thrive in the post-Future of Financial Advice environment given the right structure, according to the Australian Financial Services (A...
Financial planning
Wealth manager IOOF's bid for DKN Financial Group has won approval from shareholders, allowing the deal to progress. ...
People & Products
ClearView has added five-adviser practice Lambert Investments to its network....
Financial planning
The takeover of ING Investment Management (INGIM) Australia by UBS Global Asset Management will come into effect on 4 October, and will see a number of the INGIM staff lo...
Superannuation
The superannuation industry has posted an overall rate of return of -0.9 per cent for the June 2011 quarter, following three successive quarters of positive returns, acco...
Financial planning
The proposed merger of Asset Super and Care Super has come about in part to help reduce the regulatory burden of the Stronger Super regime, according to Asset Super chief...
Financial planning
The single most important factor to consider for financial planning practices looking at merging with, or acquiring, another business is demonstrating reliable future cas...
Financial planning
ANZ has announced plans to implement an online merger and acquisition facility where financial planners can anonymously advertise that there is a practice for sale, while...
Financial planning
Following a successful merger between Snowball Group and Shadforth Financial earlier this year, the combined group has posted a net profit after tax of $25.4 million for ...
Financial planning
The Rock Building Society Limited and MyState Limited have announced they intend to merge by way of a scheme of arrangement with Rock shareholders....
Financial planning
Count Financial has announced a record net profit after tax (NPAT) for the 2011 financial year of $51.56 million - more than double the previous year....
Financial planning
ipac south australia has acquired Intervest Holdings, a practice with seven planners and $230 million FUA....
Financial planning
National Australia Bank's (NAB's) direct asset management business, nabInvest, has taken a non-controlling interest in Peridiem Global Investors LLC (Peridiem), a Los Ang...
Financial planning
IOOF will aim to retain most DKN staff if a takeover goes ahead, although there may be some redundancies, the group has stated....
Financial planning
Investment group Santapau Limited has acquired the mortgage service and messaging businesses of software company Pisces Group for an undisclosed sum....
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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...