The votes are in
In a unanimous vote, the shareholders of Lonsdale Financial Group have approved DKN Financial Group’s offer to acquire the company.
DKN shareholders will now need to vote on a number of resolutions relating to both the Lonsdale acquisition as well as its purchase of Zurich’s portfolio administration service business Wrap Account.
Following a court hearing to finalise the Scheme of Arrangement approval process, both acquisitions are expected to be completed on November 14, 2007.
AUTHOR
Recommended for you
Wealth Data has revealed the top five licensees for financial adviser growth over the September quarter, with more than 150 advisers joining in Q3 overall.
Former Sydney financial adviser, David Valvo, has pled guilty in court to a charge of dishonest conduct.
Building a network of mentors and coaches with varied skill sets could help women achieve their career goals, according to an FBAA executive.
AMP has reported its Q3 results and provided a progress update on the divestment of its advice division to Entireti.
