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MERGERS AND ACQUISITIONS
Financial planning
ipac south australia has acquired Intervest Holdings, a practice with seven planners and $230 million FUA....
Financial planning
National Australia Bank's (NAB's) direct asset management business, nabInvest, has taken a non-controlling interest in Peridiem Global Investors LLC (Peridiem), a Los Ang...
Financial planning
IOOF will aim to retain most DKN staff if a takeover goes ahead, although there may be some redundancies, the group has stated....
Financial planning
Investment group Santapau Limited has acquired the mortgage service and messaging businesses of software company Pisces Group for an undisclosed sum....
People & Products
Professional Investment Services selects former Marsh executive as its new CEO....
Financial planning
Recent industry upheaval has resulted in plenty of small and medium sized dealer groups looking for a quiet exit through a sale to an institution, according to Equity Tru...
Financial planning
DKN has announced a $21 million write down to the carrying value of goodwill in its accounts in a statement to the Australian Securities Exchange, which the company said ...
Policy & Regulation
FOFA is expected to be the catalyst for further industry consolidation while the move to a fee-for-service environment is set to trigger the sale of 'C' and 'D' level cli...
Financial planning
Standard & Poor's ratings on the Zurich Investments Global Growth Share Fund and Zurich Investments Unhedged Global Growth Share Fund will remain unaffected by the change...
Financial planning
Countplus MBT has completed its acquisition of Loughhead Roberts, a chartered accounting and financial planning practice in Parramatta, Sydney....
Financial planning
National Australia Bank's (NAB's) direct asset manager business, nabInvest, has acquired a non-controlling interest in the US-based Altrinsic Global Advisors for an undis...
Financial planning
Shadforth Financial Group and Snowball Financial Solutions have completed the first stage of their planned merger, with more than 90 per cent of holders in Shadforth acce...
Financial planning
Snowball Group has given investors an indication of its plans for the merger with Shadforth Financial Group Holdings, with integration, enhanced services and further merg...
Financial planning
Although MLC has been open in its plans to target AXA-aligned planning firms that may be disenchanted following the bank's merger with AMP, many of those businesses say t...
Financial planning
Despite noise from the marketplace suggesting competition from rivals looking to poach AXA financial planning practices, there has so far been no significant net change b...
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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...