Direct Portfolio/ Pentafin merger complete
Direct Portfolio and Pentafin have confirmed they have completed their merger.
Pentafin chief executive Connie McKeage is the chief executive of the new group, which will be called Pentafin.
“As an integrated organisation, we are now single-mindedly focused on our combined clients and committed to ongoing investment to further enhance our core capabilities,” McKeage said.
Money Management first reported on the plans for the merger in April of this year.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.