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Showing 1501 - 1510 of 3464 results for "Stake"

Total Financial Solutions to shutter next year

ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
... and advice firms in Australia and launched a 100-day plant to integrate the Count Financial business. CountPlus reassured stake holders that at present TFS have no known outstanding regulatory matters, but did flag that there is currently one client ...

CountPlus expands network

ELIZABETH MCARTHUR  |  MONDAY, 18 NOV 2019
CountPlus has acquired a 30% stake in DMG Financial Holdings. This takes CountPlus' network from 19 to 20 firms. Consideration for the investment is a cash payment of $2.891 million. DMG Financial is an accounting and financial advice firm based in ...

Pengana to acquire stake in US firm

ELIZA BAVIN  |  THURSDAY, 7 NOV 2019
Pengana Capital has announced its intention to acquire a "significant stake" in a Chicago-based asset management firm. Lizard Investors, which specialises in global small to mid-cap equities, entered into a joint venture with Pengana in 2015 to sub-advise ...

Industry fund awards admin mandate

HARRISON WORLEY  |  MONDAY, 28 OCT 2019
Australia's largest open defined benefit superannuation fund awarded an administration technology mandate to IRESS. ESSSuper has signed an agreement with IRESS which will see the technology firm install an automated administration service - Automated ...

ASIC imposes AFSL conditions on IOOF

JAMIE WILLIAMSON  |  MONDAY, 28 OCT 2019
The corporate regulator has imposed additional licence conditions on IOOF Investment Services to improve conflicts management. According to ASIC, IOOF Investments Services Limited (IISL) sought a variation of its licence in order to transfer a managed ...

IOOF struck by outflows, former chair resigns

ELIZA BAVIN  |  FRIDAY, 25 OCT 2019
IOOF has reported $133 million in quarterly net outflows from its financial advice and investment management businesses for the 3 months to 30 September. The Financial Advice division had $33 million of net inflows compared to $119 million of net inflows ...

$26 billion super joint venture eyes more funds

ELIZABETH MCARTHUR  |  MONDAY, 21 OCT 2019
A joint venture between two superannuation funds with a combined $26 billion and 150,000 members has today taken off, with the chief executive hinting more funds could become involved. Equipsuper and Catholic Super's joint venture is officially ...

GSFM scoops up MLC's stake in Redpoint

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
GSFM said it has completed the acquisition of MLC Asset Management's 49% stake in boutique quantitative equities specialist Redpoint Investment Management. The deal will see the two firms managing over $17 billion, with Redpoint continuing to control ...

CountPlus firm acquires advice boutique

HARRISON WORLEY  |  THURSDAY, 17 OCT 2019
... acquisition by Kidmans reflects that model," Rowe said. In 2015, CountPlus - then Commonwealth Bank-owned - sold its 30% stake in Kidmans to partners, employees and principals, having first purchased 25% of the firm in 2010. At the time, CountPlus' ...

Recognition for industry leader in fight against slavery

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
The head of ESG research at Ausbil Investment Management has been recognised with an Anti-Slavery Australia's Freedom Award for his work in combatting slavery. Mans Carlsson-Sweeny was awarded a Certificate of High Commendation for his contribution ...