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Showing 221 - 230 of 2996 results for "February 11"

Perpetual calls off KKR deal

KARREN VERGARA  |  MONDAY, 24 FEB 2025
Perpetual has ended KKR's courtship of its wealth management and corporate trust operations, blaming the massive tax bill the transaction would incur, saying there was no way of getting around it. Since tabulating the tax implications last December ...

Svava makes binding offer for Selfwealth, BFG given deadline to counter

MATTHEW WAI  |  MONDAY, 24 FEB 2025
The bidding war over Selfwealth continues as Svava has officially put in a binding offer to acquire 100% of the company at 28 cents per share. The new proposal is a 12% premium to the cash consideration of the $0.25 offer from Bell Financial Group (BFG). ...

Colonial First State loses private markets manager

ELIZABETH FRY  |  THURSDAY, 20 FEB 2025
Colonial First State has confirmed the departure of the senior manager responsible for unlisted investments within the fund's multi-asset team. The financial services giant said Daniel Cheang's last day with the firm was February 14. Cheang's ...

Convicted adviser fails to appeal prison sentence

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
Former Melbourne financial adviser Bradley Grimm will continue to serve his sentence after failing to have his dishonesty conviction and prison term overturned. Grimm pleaded guilty to three counts of engaging in dishonest conduct whilst running a financial ...

Global tariffs to spike under Trump: Economist

KARREN VERGARA  |  WEDNESDAY, 19 FEB 2025
Global tariffs could balloon to levels not seen since the turn of the century and result in higher inflation and interest rates, according to a top economist. Speaking at Financial Standard's Chief Economists Forum yesterday, Barrenjoey chief economist ...

SG Hiscock, Ruffer shutter funds

KARREN VERGARA  |  THURSDAY, 13 FEB 2025
Two funds managed by SG Hiscock (SGH) and Ruffer have closed due to lack of investor interest. The SGH Ex-20 Australian Equities Fund was terminated on February 3 for failing to reach its required scale and retain and attract the desired number of investors. ...

FSCP deregisters adviser for two years

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
A financial adviser who provided "incompetent" SMSF advice has been barred from practising in the industry for two years by the Financial Services and Credit Panel (FSCP). Glenn Paul Meilak helped clients set up SMSFs in a way that was "systemic" and ...

Government to scrap advisers' approved qualifications list

KARREN VERGARA  |  MONDAY, 10 FEB 2025
The federal government is backtracking on one key financial adviser education requirement by scrapping the list of approved qualifications and proposing to allow any bachelor's degree or higher. Assistant treasurer Stephen Jones this morning announced ...

Generation Development Group buys Evidentia

MATTHEW WAI  |  MONDAY, 10 FEB 2025
Generation Development Group (GDG) will acquire 100% of Evidentia Group for $320 million, as it looks to grow its foothold in the managed accounts space. The transaction will be partly funded by a fully underwritten equity raising of approximately $287.9 ...

Convicted adviser banned over $2m theft

MATTHEW WAI  |  MONDAY, 10 FEB 2025
Former financial adviser Lachlan King has been permanently banned by ASIC for stealing close to $2 million in client funds, including family members. The banning took effect on February 5, with Queensland-based King currently in prison after being convicted ...