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| | | ... high-quality advice practices scale. For the sale, it will receive $450,000 in cash, 426,800 new TAG shares for $1.63 per share as well as $1.5 million vendor finance provided by it to TAG. WT Financial managing director Keith Cullen said the sale is ... |
| | | | ... valued the firm at $2.5 billion. The "unsolicited, non-binding, conditional and indicative proposal" was for $21.64 cash per share, representing a 40% premium to Perpetual's closing price on Tuesday prior to announcing it had received the offer. "The ... |
| | | | ... prices." Tagliaferro added that markets have become extremely short-term in nature. "At the end of the day, a company's share price is meant to reflect its long-term value. This is something that many investors, large and small, seem to have forgotten ... |
| | | | Esencia Wealth has continued its national expansion strategy, merging with New South Wales-based Cove Financial Group in a deal that brings around 650 clients and four financial advisers into the business. The Shellharbour-based advice firm is Esencia ... |
| | | | Atlas Arteria independent non-executive chair Debbie Goodin will resign from her position, effective July 7. That is also the date IFM Investor's offer window will close, and shareholders in the toll-road operator will have to decide on the ownership ... |
| | | | Euroz Hartleys has sold its capital markets business to Canada's BMO Financial Group (BMO) for $145 million in an all-cash deal. The divestment will allow the ASX-listed wealth firm to be a standalone pure-play private wealth business, it said. Both ... |
| | | | ... differentiate themselves," said Somerville. Industry funds are expected to strengthen their dominance, increasing their share of total assets from around 45% today 55% by 2045, while retail funds and self-managed super funds are forecast to lose market ... |
| | | | Mercer Investments Australia has again trimmed its fund manager line-up, this time making changes to its Global Listed Property Fund. Effective July 1, Principal Asset Management will be the sole fund manager overseeing the Mercer Global Listed Property ... |
| | | | ... supported fund-level liquidity management and helped avoid crystallising further losses on illiquid assets, it shifted a greater share of liquidity and sequencing risk onto MySuper members, particularly toward the end of the stress scenario." Commenting ... |
| | | | ... standard, represent around 89% total platform funds under management and include the seven largest wrap platforms by market share. In response to the latest observations by ASIC, FSC chief executive Blake Briggs said: "ASIC's report reinforces the ... |
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