Octa Phillip Financial Group launched in Australia
A new full-service stock broking group has launched in Australia this week – the Octa Phillip Financial Group.
Announcing its launch, the group said it would be providing wealth management, institutional and private client stockbroking, corporate finance and funds management service.
The company said it was the result of the acquisition of Austock Group by Intersuisse Holdings, and would have 150 employees with offices in Sydney, Melbourne, Perth, Adelaide and the Gold Coast.
The chief executive of the new group is former Austock CEO Paul Masi.
Masi said the company’s direct channel to Asia would enhance its existing strong retail and institutional relationships.
Recommended for you
With Insignia shares up 32 per cent in the past month and the firm enacting a five-year growth plan, Morningstar believes the two recent acquisition bids from private equity firms demonstrate the company is undervalued.
As financial advisers enter the new year, Assured Support shares eight strategies to help advice businesses thrive through focused and consistent planning.
Insignia Financial has received a takeover bid from a second US firm, topping Bain Capital’s offer with a bid of $4.30 per share.
As the year comes to an end, Money Management takes a look at the biggest announcements that shocked the financial advice industry in 2024.
