Investment info firm acquires SA wealth practice

M&A/mergers-and-acquisitions/wealth-management/

Investment information firm Equity Story has signed a binding heads of agreement to acquire South Australian financial advisory and stockbroker Baker Young for $4.2 million.

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PGIM Real Estate appoints deputy head of APAC

pgim/real-estate/appointment/

The real estate investment manager has positioned the APAC region for future growth with an internal promotion to the newly created role of deputy head of Asia Pacific

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Relative Return Unplugged: ‘The largest trade war in modern history’

Podcast/Relative-Return/

In this week’s episode of Relative Return Unplugged, Dr Vladimir Tyazhelnikov from the University of Sydney’s Sc

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Adviser focus prompts platform cash flow jump for AMP

amp/platforms/North/financial-results/

Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.

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Insignia updates on 2 PE bidders

insignia/insignia-financial/M&A/

Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.

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‘Beyond opportunistic’: Judge details former adviser’s $4.4m theft

gambling/theft/fraud/financial-advice/

A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.

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Mason Stevens CEO on its PE-fuelled growth trajectory

Mason-Stevens/private-equity/M&A/platforms/

Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.

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Challenging markets hit Australian Ethical FUM

Australian-Ethical/John-McMurdo/financial-results/funds-under-management/

Ethical investment manager Australian Ethical has cited the ongoing challenging market environment for its modest decrease in assets over the latest quarter.

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Positive HUB24 tailwinds to fall away in FY26: Morningstar

HUB24/platforms/netwealth/

Despite reporting strong quarterly results, Morningstar forecasts initial tailwinds benefiting the platform in recent years are likely to fall away for HUB24 in the next financial year.

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Clime IM continues hiring spree with independent director

Clime-Investment-Management/Clime/appointments/

Clime Investment Management has welcomed an independent director to its board, which follows a series of recent appointments at the company.

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