ASX boosts stake in IRESS
The Australian Securities Exchange (ASX) has increased its shareholding in financial services technology provider IRESS Market Technology.
A statement from the ASX said it has had a “longstanding investment in IRESS since 2000”.
“Current market conditions presented an opportunity to acquire an additional holding at an attractive price,” the statement said.
The ASX has now increased its shareholding in IRESS to 23,750,01 from its previous holding of 20,950,000.
IRESS’ share price has fallen in recent weeks, and at the time of publishing was trading at $4.84.
Recommended for you
Financial Services Minister, Stephen Jones, has assured the cost and time to enter the financial advice profession will soon be halved, as shadow treasurer Angus Taylor pledges to reach 30,000 advisers.
The positive results of the latest financial adviser exam have helped the advice profession reach 15,600 yet again, according to Wealth Data analysis.
Financial advice firms have told Adviser Ratings they are planning to increase their compliance spend by almost a third, including on enhancements to their cyber security which ASIC has identified as an enforcement priority.
The digital advice platform is officially launching into the financial advice sector, offering up its services to practices as a means of engaging with the next generation of clients.
