SALE

Expert Analysis

The demand for financial planning businesses for sale isn’t decreasing but firms need to know how to value their business to achieve the best price, writes Fiona Ettles. ...

People & Products

Following the sale of its platform business to Praemium, Iress has made a second disposal as it moves to streamline operations....

Financial planning

Praemium has detailed the reasons why it decided to exit its International business, which was sold to Morningstar in June for $62 million....

Funds management

Praemium has sold its international operations in the United Kingdom, Jersey, Hong Kong and Dubai to Morningstar for $65.1 million....

Financial planning

The Commonwealth Bank has completed its sale of its 55% interest in Colonial First State to private equity firm KKR....

Financial planning

Phillip Capital Limited has announced it will cease providing advice to retail clients in Australia following a sale agreement with Sequoia Wealth Management for its priv...

Financial planning

ANZ has announced the sale of its New Zealand asset finance business, UDC Finance, for NZ$762 million to Shinsei Bank. ...

Financial planning

A Chinese state-owned entity has cast a shadow over OneVue’s sale of Madison. ...

Financial planning

The Federal Court will ultimately decide how much OneVue retrieves from this week’s sale of the Sargon operating business, while the company maintains it is still on trac...

Financial planning

Despite the current market uncertainty, OneVue has confirmed its continuing expectation that it will complete the transaction for the sale of Madison Financial Group in A...

Funds management

OneVue managing director, Connie Mckeage has remained upbeat about the company’s potential despite its Sargon transaction resulting in a $27.089 million loss....

Financial planning

OneVue has managed to sell its Sequoia Financial Group stake and is now looking to sell down Madison....

Funds management

Funds from the up for sale Russell Investments that have returned the highest have struggled to beat sector average returns over various time periods....

Funds management

Colonial First State Global Asset Management has been rebranded to First Sentier Investors as it completes its sale from the Commonwealth Bank....

Funds management

Commonwealth Bank of Australia has announced the completion of the divestment of its global asset management business, Colonial First State Global Asset Management....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 18 hours ago