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M&A
People & Products
AZ Next Generation Advisory has acquired a stake in SCM Financial Group (formerly Scholten Collins McKissock) following a competitive tender process....
Financial planning
CountPlus has indicated it is seeking to make multiple acquisitions with 12 active M&A opportunities in the pipeline....
Funds management
The acquisition of Pendal by Perpetual will bring client and staff attrition risk as it creates a $201 billion fund manager, according to research house IBISWorld, but th...
Financial planning
Companies looking to make acquisitions of financial advice firms are seeking those which have specialisations or a positive business culture rather than just a large clie...
Superannuation
The prudential regulator is pushing for superannuation funds to merge to deliver member benefits but some are facing ‘consolidation indigestion’ in the process....
Superannuation
The prudential regulator has confirmed it is expecting to see the rapid pace of consolidation among superannuation funds to continue for the next two years....
Superannuation
The merger between BT Super and Mercer will help advance Mercer on its mission to be the best superannuation fund in the market while members could see more than 25% fee ...
Funds management
Pendal has rejected a bid from Perpetual as it believes it is not in members’ best interest and significantly undervalues the company....
Funds management
Record high M&A activity, share buybacks and special dividends in 2021 helped to increase demand for IPOS as cash was returned to investors and then redeployed....
Financial planning
Average deal size in the first quarter of FY22 has risen from $42 million a year ago to $150 million, according to HLB Mann Judd, with the largest deal belonging to a fin...
Funds management
Investment firm Carlyle Group has offered to buy all Link Group shares at $5.38 per share in a conditional proposal....
Editorial
Financial services associations will all have a new look in 2022 but is there a need for so many different ones?...
Superannuation
TWUSUPER is now pursuing other growth options after extensive due diligence that resulted in the decision not to merge with EISS Super....
People & Products
The acquisition of the specialist debt business would include a fixed income digital platform as Perpetual expands its digital presence. ...
Funds management
The fund is making a takeover bid for PM Capital Asian Opportunities fund, an offer which is “clearly superior” to an existing proposed scheme of arrangement with a rival...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...