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Showing 131 - 140 of 2769 results for %22Scale%22

Count, Diverger forge ahead with acquisition

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
... combined group comprising Diverger and Count is expected to benefit from a significantly strengthened market position, enhanced scale and provides a platform for enhanced market liquidity across both shareholder bases," Diverger said. Diverger shareholders ...

ClearView offloads chunk of Centrepoint Alliance stake

CASSANDRA BALDINI  |  FRIDAY, 17 NOV 2023
COG Financial Services has taken over part of ClearView's stake in Centrepoint Alliance (CAF) for $13 million. After dumping its bid for Diverger on Wednesday, COG has purchased approximately 39.56 million CAF shares at 33 cents per share from the ...

COG drops bid for Diverger

CASSANDRA BALDINI  |  WEDNESDAY, 15 NOV 2023
... outcome for shareholders and are confident that the combined businesses will unlock meaningful synergies, create economics of scale and deliver potential growth opportunities." Diverger has about 200 advisers and $12 billion in FUMA. Last financial year ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... growing twice as fast as the industry's funds under management. "This discrepancy highlights a potential diseconomies of scale effect, which may attract regulatory attention in the near future," Antil said. However, Antil also affirmed that any reduction ...

Australian Unity sells advice arm to Fortnum, Nestworth

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... wealth and capital markets chief executive Esther Kerr said the transaction will enable its advice business to increase scale and reach more Australians under AZ NGA's Nestworth and associated Fortnum, while providing a greater level of access for Australian ...

Wealth managers shirk cybersecurity priorities

KARREN VERGARA  |  MONDAY, 13 NOV 2023
... against any cybersecurity standard, while 44% do not adequately perform risk assessments on third-party vendors. On a wider scale, 69% of participants said they have minimal or no capabilities in supply chain and third-party risk management. More than ...

Australian Ethical backs infrastructure debt funds

RACHEL ALEMBAKIS  |  FRIDAY, 10 NOV 2023
... without specifying the precise figure or the split to each fund. The Energy Transition Fund is dedicated to financing grid scale battery projects in Australia. The fund will provide senior debt finance to 6-8 battery projects with a total capacity of ...

VBP adds to leadership team amid Elixir acquisition

CASSANDRA BALDINI  |  FRIDAY, 10 NOV 2023
... "couldn't be happier to head up the new division." "We are so excited about the future of advice, and we have been wanting to scale up our services for you to increase our impact on helping the advisory profession to grow," she said. "We now have ...

Rest names internal global equities lead

ANDREW MCKEAN  |  THURSDAY, 9 NOV 2023
... capabilities to its global equities' portfolio is intended to deliver further value to the fund's 1.96 million members. "Using our scale and expertise to build further internal capability aims to help us realise further value for our members," he said. ...

Centrepoint Alliance acquires Financial Advice Matters

CASSANDRA BALDINI  |  THURSDAY, 9 NOV 2023
... add significant revenue, boost its team of salaried financial advisers to 19, and create a financial advice group with the scale to further expand in other locations. The entire prospective amount of $10 million in cash will be financed through Centrepoint ...