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MERGERS AND ACQUISITIONS
Funds management
Cromwell Funds Management has entered into a merger implementation deed with Australian Unity Property Ltd....
Financial planning
Advice licensee Centrepoint Alliance is seeking a corporate adviser to evaluate M&A opportunities as it forecasts an EBITDA of $7.6 million for FY23....
Financial planning
In the last 12 months, there’s been a marked improvement in future planning among mature firms, according to Adviser Ratings, but younger firms have yet to follow suit....
Financial planning
With merger activity top of mind for many financial planning firms strained by costs and regulation, this paraplanning firm has shared some pros and cons to take on board...
Financial planning
If banks and super funds were to begin providing advice, this advice director expects it would “absolutely spark another round” of mergers and acquisitions. ...
Financial planning
AFA national president Sam Perera has announced he will not be joining the board of the newly-formed Financial Advice Association Australia. ...
Funds management
Credit Suisse is set to be acquired by its local competitor amid ongoing fears over the bank's viability. ...
Financial planning
Diverger has added 160 self-licensed advice firms in the first half of 2022/23 as it targets achieving net revenue of $45 million in FY25....
Financial planning
AZ Next Generation Advisory has announced it has acquired a strategic stake in McLean Delmo Bentleys, a Melbourne-based accounting and advisory firm....
Financial planning
Iress may still be digesting its acquisition of OneVue but it has signalled that it has both the capital and the appetite for mergers and acquisitions. ...
Superannuation
A new analysis of merger and acquisition activity has pointed to higher activity levels on the part of superannuation funds....
Life/Risk
Adelaide accounting and wealth advisory firm, Perks has announced the acquisition of life risk specialists, Simmons Moore....
Funds management
Century Australia Investments and WAM Leaders have entered into an agreement under which WAM leaders will acquire 100 per cent of Century’s shares....
Funds management
Charter Hall Group said it has reached an agreement to acquire Folkestone Limited for $205 million, with the deal to be funded by cash from available investment capacity....
Life/Risk
ANZ Bank New Zealand has agreed to sell OnePath Life NZ for NZ$700 million to specialist insurance business Cigna Corporation....
MARKET INSIGHTS
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Podcast
My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...
Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...
How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...