AMP and Iress directors join AICD board

AICD board of directors

AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.

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Advice opportunity as billionaires rise in Australia

UBS HNW high net worth financial advisers

There has been a 16.3 per cent rise in the wealth of Australian billionaires this year to over $200 billion, UBS finds, as Australian advisers shift their offerings to meet this expansion and service their unique needs.

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Perpetual/KKR deal ruled ‘not in best interest of shareholders’

Perpetual KKR shareholders australian equities equities wealth management

An independent expert has ruled the Perpetual deal with KKR is no longer in the best interest of shareholders in light of the increased tax liabilities.

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AZ NGA seeks to triple in size as Oaktree deal completes

AZ NGA Oaktree Capital Management M&A

AZ NGA is looking to triple in size over the next five years as US investment giant Oaktree completes its $240 million investment in the professional services company.

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E&P moves to non-executive board

Dixon Advisory e&p E&P Financial Group

E&P Financial Group has announced director Tony Johnson will move into a non-executive capacity next year, meaning chief executive Ben Keeble will be the only executive remaining on the board.

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Firetrail’s investment strategy head Doyle among 4 to exit

firetrail Pinnacle Investment Management

Firetrail Investments has confirmed the departure of four executives over the last quarter, including head of investment strategy Anthony Doyle.

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Insignia Financial appoints MLC & OnePath custodian

insignia insignia financial bnp paribas custodian

The Australian wealth management firm has named a custodian for its MLC and OnePath businesses following an extensive tender process.

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Where could be the next M&A target in 2025?

platforms technology fintech amp iress

Experts believe rival licensee AMP and technology software firms could be next on the list for private equity firms looking to enter the Australian market.

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Asian asset manager makes acquisition to support Australian private credit business

private markets M&A private credit Asia

Global real asset manager CapitaLand Investment has announced a key acquisition from Wingate as part of its growth strategy in Australia.

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ASIC confirms finalised industry funding levy

ASIC ASIC levy levy financial advice AFSL

ASIC has announced its finalised industry funding levy, detailing how much licensees will have to pay for the 2023–24 financial year and how it compares to original estimates.

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MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

3 weeks 5 days ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

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Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

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A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

4 weeks 1 day ago