The licensees leading 2024 share price growth

AFSL/equities/australian-equities/share-price/financial-advice/licensees/

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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JBWere rolls out 2 fixed income products

JBWere/fixed-income/

Wealth manager JBWere has announced the launch of two fixed income strategies for wholesale clients, backed by UBS Asset Management.

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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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