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MERGERS AND ACQUISITIONS
Financial planning
Recent industry upheaval has resulted in plenty of small and medium sized dealer groups looking for a quiet exit through a sale to an institution, according to Equity Tru...
Financial planning
DKN has announced a $21 million write down to the carrying value of goodwill in its accounts in a statement to the Australian Securities Exchange, which the company said ...
Policy & Regulation
FOFA is expected to be the catalyst for further industry consolidation while the move to a fee-for-service environment is set to trigger the sale of 'C' and 'D' level cli...
Financial planning
Standard & Poor's ratings on the Zurich Investments Global Growth Share Fund and Zurich Investments Unhedged Global Growth Share Fund will remain unaffected by the change...
Financial planning
Countplus MBT has completed its acquisition of Loughhead Roberts, a chartered accounting and financial planning practice in Parramatta, Sydney....
Financial planning
National Australia Bank's (NAB's) direct asset manager business, nabInvest, has acquired a non-controlling interest in the US-based Altrinsic Global Advisors for an undis...
Financial planning
Shadforth Financial Group and Snowball Financial Solutions have completed the first stage of their planned merger, with more than 90 per cent of holders in Shadforth acce...
Financial planning
Snowball Group has given investors an indication of its plans for the merger with Shadforth Financial Group Holdings, with integration, enhanced services and further merg...
Financial planning
Although MLC has been open in its plans to target AXA-aligned planning firms that may be disenchanted following the bank's merger with AMP, many of those businesses say t...
Financial planning
Despite noise from the marketplace suggesting competition from rivals looking to poach AXA financial planning practices, there has so far been no significant net change b...
People & Products
Macquarie Banking and Financial Services Group has appointed former Foxtel chief marketing officer Paul Heath as head of group marketing....
Financial planning
Snowball Group has announced that it has reached an acceptance rate of 61 per cent from Shadforth Financial Group Holdings shareholders for its offer to take over the com...
Financial planning
Australian Unity and Big Sky Credit Union have announced they will explore and evaluate a potential merger....
Financial planning
The directors of Shadforth Financial Group Holdings have led by example and accepted the takeover offer by Snowball Group for all of their shares....
Financial planning
IOOF has submitted a proposal to acquire all the shares in DKN it does not already own, via its wholly owned subsidiaries....
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MARKET INSIGHTS
Podcast
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...
So we are now underwriting criminal scams?...