mergers and acquisitions

Financial planning

Count-Diverger deal reaches next stage ahead of February completion

The proposed merger between Diverger and Count has reached the next stage of its proceedings ahead of an expected February completion date....

Financial planning

How to ‘supercharge’ an advice business

This CEO believes an “army of large, corporatised super firms” is the future of financial advice as he feels small-to-medium practices struggle to offer a compelling advi...

Financial planning

WT Financial to acquire Insignia advice subsidiary

The diversified financial services group has entered a $2 million purchase agreement to acquire 100 per cent of a financial advice network owned by Insignia Financial....

Financial planning

Count ups Diverger bid after shareholder pushback

Count has raised its offer to acquire 100 per cent of Diverger, with Diverger’s board “unanimously” recommending the deal is in its best interests....

Financial planning

COG makes $13m stake in advice licensee as ClearView exits

Following its withdrawal from the Diverger deal just days ago, COG Financial Services has announced a $13 million stake in this financial services licensee....

Financial planning

Invest Blue’s MD on its growth strategy post-Ironbark merger

The holistic advice firm has reached the final stage of its Ironbark Asset Management merger as its managing director, David Stephen, discusses the firm’s future growth s...

Financial planning

Advice industry seeing ‘more tailwinds than headwinds’

For the first time in years, the financial advice market is seeing tailwinds rather than headwinds, according to Forte Asset Solutions director Stephen Prendeville....

Financial planning

Sydney advice firms merge to create aged care specialist

Financial advice firms Priority Advisory Group and Wise Planners are to merge to create a multi-disciplinary professional services firm in Sydney....

Financial planning

Prime Financial signals ‘acceleration mode’ with $100m revenue target

The firm has announced revenue growth of almost 30 per cent to $33.7 million in its annual results and will be seeking to reach $100 million by 2030, doubling its previou...

Funds management

Cromwell and Australian Unity in $1.1bn unlisted fund merger

Cromwell Funds Management has entered into a merger implementation deed with Australian Unity Property Ltd....

Financial planning

Centrepoint Alliance seeks M&A opps

Advice licensee Centrepoint Alliance is seeking a corporate adviser to evaluate M&A opportunities as it forecasts an EBITDA of $7.6 million for FY23....

Financial planning

Uptick in succession planning among mature firms

In the last 12 months, there’s been a marked improvement in future planning among mature firms, according to Adviser Ratings, but younger firms have yet to follow suit....

Financial planning

Planning a merger? Here are 5 things to consider

With merger activity top of mind for many financial planning firms strained by costs and regulation, this paraplanning firm has shared some pros and cons to take on board...

Financial planning

Could the QAR spark more M&A in financial advice?

If banks and super funds were to begin providing advice, this advice director expects it would “absolutely spark another round” of mergers and acquisitions. ...