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Mainstream to be acquired for $170mBY ELIZA BAVIN | TUESDAY, 9 MAR 2021 12:14PM
Mainstream has announced it entered a scheme of implementation deed with Vistra to acquire 100% of the company for an implied value of $170 million.
Read more: Mainstream, Vistra, Martin Smith, Byram Johnson, John Plummer
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The long serving chair of wealth management firm Morrows is being remembered for his larger-than-life personality and generous spirit following his sudden passing last week.
The superannuation and investing startup has crossed $1 billion in total assets, after more than doubling the number in the last year.
A financial advice industry association, which had been vocal in boycotting the FASEA exam and fighting to retain life commissions, has shuttered.
Former Mutual Trust and AIA Australia chief investment officer Graeme Bibby has joined a wealth management firm.
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