HFA confirms transaction talks
Funds management group HFA Holdings has confirmed to the Australian Securities Exchange (ASX) that it is in discussions around a potential transaction that might impact its share price.
Responding to a price query from the ASX, the company said that the transaction, if implemented, would involve a material investment in HFA via the issue of new securities by the company.
It said the discussions were incomplete and there was no certainty the transaction would proceed.
AUTHOR
Mike Taylor
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
