SuperIQ acquires SmartsuperBY MELANIE TIMBRELL | TUESDAY, 18 SEP 2012 12:05PMSelf-managed super fund (SMSF) provider SuperIQ has acquired former Perpetual business Smartsuper in the latest wave of consolidation in the space. |
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Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.







Interesting strategy - buy up every one. How much is the spend up to now - $40M.
Perpetual walked away from this strategy with a $16M loss - unable to build scale. ANZ/ING have failed to build scale at Super Concepts.
I suppose acquisition is one way of getting to their 100,000 target funds under administration as set out in the Morgan Stanley assessment. But AMP have a long way to go and how much more will it cost.