M&A

Funds management

Acquisitions helped Macquarie Asset Management grow its assets under management by 22% but base fees and performance fees were both down during FY21....

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Financial planning

Centrepoint’s acquisition of Clearview’s advice business will create a new combined entity that will be one of the largest financial planning groups in the country in ter...

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Financial planning

Sequoia will continue to acquire mid-tier licensee service businesses to provide services to 1,000 advisers by 2025....

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Funds management

While several companies are potential merger and acquisition targets, much of this is ‘opportunistic’ targeting of businesses impacted by COVID-19 so investors would be u...

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Funds management

There are three sectors which could see increased merger and acquisition activity this year, according to Wealth Within’s Dale Gillham, as companies seek to utilise exces...

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Financial planning

Advisers looking to sell their business as they exit the industry are likely to have to sell at a lower price than they expected because of the uncertain environment....

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Expert Analysis

Companies are sitting with excess cash on their balance sheets following the pandemic, writes Catherine Allfrey, so they will have to work out how best to put this to use...

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Financial planning

There is an estimated $100 billion in cash sitting on company balance sheets following the pandemic with the expectation for increased buybacks and acquisitions, say comm...

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People & Products

Singapore-based Ascent Fund Services, which is seeking to list on the Australian Securities Exchange, has appointed Eric Koolen to lead its Australian expansion....

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Financial planning

Fund administrator Mainstream has terminated its scheme implementation deed with SS&C after it failed to beat an offer by Apex....

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Financial planning

If AMP’s joint venture with Ares around its private markets business comes to fruition it will have topped up the company’s commercial war chest but reshaping the advice ...

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Financial planning

A number of Godfrey Pembroke firms may be moving as a group to the new IOOF licenses but another significant firm has chosen to go its own way by joining Count Financial....

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Financial planning

OneVue has formally transitioned to Iress and de-listed from the Australian Securities Exchange with founder Connie Mckeage stepping back to a consultancy position....

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Financial planning

AMP has confirmed the opening bid from US private equity player, Ares, is valued at $1.85 per share....

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Funds management

Xplore Wealth shareholders have benefitted from the firm’s acquisition by HUB24 after shares rose 216%....

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