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| | | Ord Minnett (Ords) has added nine new senior advisers to its ranks - seven from Perpetual and two from FIIG Securities - as part of a broader push to grow its client and adviser base. Former Perpetual partners Malissa Tobias, Mark Heffernan, and Con ... |
| | | | Mercer continues to bump up its wealth distribution team by adding two new staffers. Matthew Young and Staten Janes have both been hired as senior sales leaders, based in Sydney. Young joined FIIG Securities, where he was head of intermediary distribution ... |
| | | | The type of software and platforms superannuation funds will need to handle the 'grey wave' over the course of the next decade may put pressure on existing systems, especially as super fund investments continue to broaden. Speaking at the AM Tech Day ... |
| | | | BUSSQ has pulled the plug on its Federal Court appeal for a judicial review of APRA's additional licence conditions, caving to the regulator's edict. At the same time, APRA has tweaked the conditions it slapped on BUSSQ last August, which force ... |
| | | | Managed accounts assets jumped 23.2% to $232.8 billion in the year to 2024, the latest figures from the Institute of Managed Account Professionals (IMAP) show. The latest census, produced in conjunction with Milliman, reports separately managed accounts ... |
| | | | Income Asset Management's (IAM) mandate to refinance digital non-bank lender MoneyMe's debt facility has grown to $130 million. IAM is refinancing MoneyMe's MME Horizon Warehouse Trust, which has secured commitments from family offices ... |
| | | | Insignia Financial has received two separate revised non-binding and indicative proposals from CC Capital Partners and Bain Capital. The bids were both increased to $5 cash per Insignia share, valuing the wealth manager at $3.35 billion, and an 8.7% ... |
| | | | Perpetual Limited has recruited a chief transformation officer as the financial services giant continues to pursue the sale of its wealth management business. Song Hong joined Perpetual five months ago as a separation specialist when Perpetual was about ... |
| | | | Praemium appointed a chief financial officer to replace Dave Coulter in the interim. Simon Moore is the temporary finance chief as Praemium searches for permanent replacement. Coulter was in the chief financial officer role from March 2022. Prior to ... |
| | | | Clime Investment Management has struck two strategic partnerships it expects to add approximately $130 million in funds under management (FUM) and $750,000 in revenue over the next year. Clime attributed the new partnerships to its improving distribution ... |
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