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Showing 141 - 150 of 849 results for "IOOF"

CountPlus adds former MLC practice

KARREN VERGARA  |  WEDNESDAY, 11 NOV 2020
... years. Ascent Private Wealth joined CountPlus as a member firm, leaving the MLC dealer group shortly after it was acquired by IOOF. Melbourne-based practice Ascent has been part of the Godfrey Pembroke network since 2001. Ascent founder Mark O'Toole ...

Dealer group chief departs

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 NOV 2020
The chief executive of an IOOF licensee will depart the group, as the impacts of the company's wealth restructure continues to be felt. Lonsdale Financial Group chief executive Mark Stephen will depart at the end of the month. The move comes after Milennium3 ...

Ord Minnett acquires E.L. & C. Baillieu

ELIZA BAVIN  |  FRIDAY, 6 NOV 2020
... Ord Minnett. The news comes after Ord Minnett recently bought back IOOF's 70% stake in its business for $115 million. IOOF announced the completion of the sale and confirmed the buyer was a consortium of investors led by current Ord Minnett executives. ...

IOOF unfazed by poor MLC result

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
... posted a 37% loss in revenue while MLC Wealth was down around $100 million in divisional cash earnings from last year, though IOOF said the result is broadly in line with its expectations. IOOF is set to acquire 100% of MLC Wealth from NAB for $1.4 billion ...

The platforms with the most advisers

KANIKA SOOD  |  TUESDAY, 3 NOV 2020
... share), AMP Flexible Super (4919 advisers and 5.4% market share), Macquarie Wrap (4709 advisers and 5.2% market share) and IOOF (4539 advisers and 5% market share). BT Panorama was used by an estimated 3332 advisers giving it 3.7% share.

FSC names new chair

KANIKA SOOD  |  MONDAY, 2 NOV 2020
... carrying forward this charge." Lloyd leaves the role after four years, and after MLC Wealth decided to sell its business to IOOF. "It has been my privilege to lead the FSC as Chairman over the past four years during this period of unprecedented reform," ...

IOOF appoints executive, continues growth push

ELIZA BAVIN  |  THURSDAY, 29 OCT 2020
IOOF has announced the creation of a new executive role as it reports funds under management, advice and administration grew by $529 million in Q1 2021. IOOF chief executive Renato Mota has announced the appointment of a chief transformation officer ...

ANZ flags earnings hit

ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
... increased its provisions for customer remediation to $266 million after tax. Of this, $172 million is related to matters from the IOOF-acquired MLC Wealth. A further $90 million to banking is going towards banking-related matters, $90 million for payroll ...

IOOF compensation bill soars

KARREN VERGARA  |  MONDAY, 26 OCT 2020
... rounded the final provision of $756.3 million. Compared to 2019, the remediation provision ballooned 67% from $453.3 million. IOOF said the group has "a significant number of self-employed and salaried financial advisers and having noted the ongoing ...

NAB adds to wealth client remediation

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
... increased its provisions for customer remediation to $266 million after tax. Of this, $172 million is related to matters from the IOOF-acquired MLC Wealth. The wealth remediation is a result of non-compliant advice given to customers, adviser service ...