MERGERS AND ACQUISITIONS
Financial planning
Two South Australian superannuation funds, Statewide Super and Local Super, have confirmed they are having detailed discussions about a merger....
Financial planning
No new licensee arrangements have been discussed following the AMP/AXA merger, according to AMP Financial Services managing director Craig Meller....
Financial planning
The Australian Securities and Investments Commission (ASIC) has reminded superannuation trustees of changes to disclosure requirements regarding fund mergers....
Financial planning
AMP chief executive Craig Dunn has outlined how his company will approach the merger with AXA Asia Pacific, stating adviser retention and customer satisfaction will be tw...
People & Products
The Trust Company has made a number of key appointments following its acquisition of The New Zealand Guardian Trust Company....
Financial planning
IOOF Holdings has acquired a minority stake in boutique financial advice firm Patron Financial Advice....
Financial planning
The Australian Securities Exchange (ASX) has suspended the trading of shares in Tower Australia Group now that the scheme of arrangement between Tower and its shareholder...
Financial planning
Perth-based wealth management group Plan B has expanded its presence in the eastern states with the acquisition of a 33 per cent stake in Queensland-based dealer group My...
People & Products
Former CBA national head of financial planning, Ian Anderson, has moved to Guardian Financial Planning, where he has been appointed business acquisition manager....
Financial planning
Tower shareholders have voted overwhelmingly in favour of a takeover by Japanese insurer Dai-Ichi Life....
Financial planning
Yellow Brick Road (YBR) has signed a heads of agreement with Nine Entertainment that YBR says will catapult it into the position of non-bank leader in the financial servi...
Financial planning
Professional Investment Holdings will soon join the likes of competitors Count Financial and WHK, becoming a listed entity via its merger with Centrepoint Alliance....
Financial planning
Professional Investment Holdings (PIH), the parent company of one of Australia’s largest non-institutionally owned dealer groups, has removed one of the final obsta...
Financial planning
Some independent advisers seeking to acquire other small planning practices are getting into debt without determining whether their practice can actually afford the repay...
Financial planning
There’s one week until the vote on the proposed merger between Professional Investment Holdings (PIH) and listed company Centrepoint Alliance, but it remains unclea...
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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...