M&A

Financial planning

The ‘purple patch’ of M&A transforming advice

Two CEOs and a recent report have underscored how the current period of M&A, led by large buyer groups, is redefining the financial advice profession and creating a notab...

Financial planning

South Australian advice firm makes acquisition

Adelaide financial planning firm Retirement Strategies has been acquired by independent advisory group Calder Wealth Management. ...

Funds management

Longreach Alternatives opens new advisory initiative

Alternative asset manager Longreach Alternatives is launching a specialised distribution and advisory unit to meet the rising demand for alternative investment strategies...

Funds management

Regal Partners ‘match-fit’ for M&A amid 349% profit rise

Regal Partners CEO Brendan O’Connor says the firm is “match-fit” for future acquisitions as the firm reports a net profit after tax increase of 349 per cent in 1H24. ...

Funds management

Pacific Current divestments drive cost savings for business

Pacific Current noted FY24 was a “transformational year” as it made multiple divestments to create a lower cost structure for the business....

Financial planning

Prime Financial sees ‘strong tailwinds’ in private markets

Prime Financial Group has announced its FY24 results in what proved to be an “inflection point” for the firm, with further M&A activity and growth in the alternatives mar...

Financial planning

The cost of death on advice practices

With small financial advice firms vulnerable to key person risk, there can be a tangible monetary cost to a practice’s value if the owner dies suddenly. ...

Funds management

Magellan’s Formica on the ‘huge opportunity’ from Vinva deal

Magellan executive chair Andrew Formica has shared further details on the strategic acquisition of a minority stake in Vinva and the growth opportunity it presents....

Financial planning

‘Like herding cats’: How can M&A go wrong?

Unexpected bills and a lack of cultural alignment are among M&A challenges two directors have faced, and the experiences have taught them that advice practices shouldn’t ...

Financial planning

AZ NGA ‘seizes the day’ with AMP deal

AZ NGA’s Paul Barrett unpacks why the firm is the right home for 16 AMP-aligned advice practices and how its M&A history will facilitate the long-term growth ambitions of...

Financial planning

‘Halcyon days ahead’ for advice profession

WT Financial managing director Keith Cullen believes it is “halcyon days ahead” for financial advice as it completes a four-year period of M&A activity, with the licensee...

Financial planning

AMP’s George details historic decision to exit advice

AMP chief executive Alexis George has detailed to Money Management how its exit from advice will change the industry, allow greater scale for advisers and a new role for ...

Financial planning

HNW wealth managers announce merger

Two wealth managers focused on high and ultra-high-net-worth clients have announced a merger, with over 180 years of history between them....

Funds management

BNP Paribas looks to acquire AXA IM’s €850bn investment arm

European asset manager BNP Paribas has confirmed it is in exclusive talks with AXA to acquire its €850bn investment management arm....

Features

‘Never too early, often too late’: Thinking about succession planning

With business owners very rarely planning their exit from the advice practice in advance, three experts underscore why succession planning is critical for long-term succe...