News

Count merger strengthens South Australian presence

An Adelaide-based financial planning and accounting firm is set to merge into Count Adelaide, aligning with Count’s ambitions to form a national footprint of scaled equit...

Financial planning

Over half of inheritors lack ongoing adviser relationship

Despite younger generations representing the largest group of potential inheritors, CoreData has discovered less than half of beneficiaries have professional advice to na...

Funds management

TAL takes minority stake in Challenger

Insurer TAL has announced it has taken a minority stake in investment manager Challenger....

Funds management

‘No magic wand’ for fund managers to reach retail market

Asset managers may be encouraged to diversify their product ranges and branch into the retail or intermediary market but, two consultants argue, they may find it more com...

Funds management

PGIM Fixed Income bolsters ranks with senior hire

The US$837 billion fixed income manager has created a new head of asset-based finance role amid the rising client demand for asset-based financing and tailored investmen...

Funds management

Platinum rejects PM Capital bid for LICs

Platinum Asset Management has rejected a bid from PM Capital to acquire its two listed investment companies....

Financial planning

Will Insignia’s cyber attack deter PE acquirers?

With Insignia Financial suffering a cyber attack on its Expand platform, this can potentially have a negative impact on the two private equity bids currently in play for ...

Financial planning

SSGA takes stake in customised portfolio platform

State Street Global Advisors has made an equity investment in Ethic, a platform helping financial advisers to produce bespoke portfolios, reflecting the greater client de...

Funds management

Natixis IM flags new ‘retail-friendly’ private asset offering

Money Management understands Natixis Investment Managers is planning to launch its own private asset product for the Australian retail market....

Financial planning

WT Financial joint venture makes first ‘Hubco’ with advice trio

WT Financial’s new entity with Merchant, Investco, has entered into a heads of agreement to merge three financial advice firms. ...

Funds management

Magellan maintains infrastructure flows post-Stack exit

Magellan’s infrastructure funds have reported gains for the second consecutive month, avoiding potential outflows associated with the exit of its sector head Gerald Stack...