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Showing 11 - 20 of 28 results for "DKN Financial"

IOOF takeover receives 99% approval

ELISE BURGESS  |  WEDNESDAY, 28 SEP 2011
... receive 80 cents for each DKN share. The implementation of the scheme is expected to be on Oct 17 this year. In June, DKN Financial Group recommended shareholders accept the offer subject to independent experts concluding that the offer was fair and ...

Star hire strengthens IOOF adviser drive

ALISON BEVEGE  |  WEDNESDAY, 3 AUG 2011
... in the IFA market. IOOF has 650 aligned advisers under its umbrella, which will roughly double if the takeover of DKN Financial Group goes ahead. DKN shareholders are to vote on the 80c-per-share offer in September. IOOF also has 1500 non-aligned financial ...

DKN suffers drop in platform flows

MATT WOODINGTON  |  MONDAY, 1 AUG 2011
DKN Financial Group will announce an 8% annual rise in funds under advice but a 40% drop in platform inflows and an overall company loss of $14 million for the year to June 2011. The loss is due to a $21 million write down of goodwill, in order to reflect ...

DKN agrees to support IOOF takeover

ALISON BEVEGE  |  MONDAY, 27 JUN 2011
Financial services provider DKN Financial Group has agreed to an increased takeover offer by IOOF Holdings, subject to independent valuation. IOOF has increased its bid from an indicative offer of 75c per DKN share, which was hotly rejected by major ...

Count says advisers worried about IOOF offer

ALISON BEVEGE  |  MONDAY, 20 JUN 2011
... Independent financial advisers may have an issue with institutional ownership under the proposed IOOF takeover of DKN Financial Group, a major shareholder of the takeover target said today. Count Financial chief executive Andrew Gale said regulatory ...

IOOF moves for 100pc DKN shares

ELISE BURGESS  |  TUESDAY, 14 JUN 2011
IOOF Holdings has moved to dramatically increase its shares in DKN Financial Group from 18.49 per cent interest to 100 per cent for a complete acquisition of the firm. IOOF, which has held shares since DKN listed in 1989, said the relatively illiquid ...

DKN acquires 25pc in Godfrey Pembroke firm

ELISE BURGESS  |  FRIDAY, 10 JUN 2011
DKN Financial Group has acquired a 25 per cent stake in former Godfrey Pembroke licensee, StrategyOne Advice Network, to provide compliance, professional development, research and platform administration services to its advisers. The move is inline ...

Super stoush over opt-in scheme

ALISON BEVEGE  |  MONDAY, 21 FEB 2011
... Australians will be priced out of the market," he said via email. Financial advisor Phil Butterworth, chief executive, DKN Financial Group, said it would give advisers an administrative overload that was not required if fees were transparent, clients ...

DKN preps for growth despite profit fall

ELISE BURGESS  |  THURSDAY, 17 FEB 2011
DKN Financial Group presses on with its expansion strategy despite a fall in its profits in the half year, according to results released this morning. DKN recorded an increase in funds under administration, up 6.5 per cent to $7.9 billion since June ...

DKN prepares for big reforms ahead

ELISE BURGESS  |  WEDNESDAY, 18 AUG 2010
... also reported funds under administration growth rate of 9 per cent to report $7.43 billion for the same period. DKN Financial stated the results were driven by their platform net flows along with growth in supporting services surrounding their practice. ...