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Showing 311 - 320 of 2368 results for "Merger"

Adviser numbers stable at 15,650

KARREN VERGARA  |  MONDAY, 15 JAN 2024
The financial advice industry started the new year with 15,650 advisers, holding relatively steady compared to this time last year. Rainmaker Information's tally of qualified professionals has decreased 1% year on year - a net loss of 214 advisers. ...

Industry funds gear up for brand transformation post-merger

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
Mine Super and TWUSUPER, expected to finalise their merger by mid-2024, will unite under a new name - Team Super. Mine Super chair Christina Langby and TWUSUPER chair Nick Sherry said the name Team Super not only honours the combined industry heritage ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... 2022. Meanwhile, Centric Super has just shy of 1000 accounts and $9 billion funds under administration. 4) Industry fund merger advances (April 21) In April, Mine Super and TWUSUPER signed a Heads of Agreement to merge, about five months on from confirming ...

Australian Retirement Trust selects chief executive

JAMIE WILLIAMSON  |  THURSDAY, 14 DEC 2023
... His appointment follows Reilly's recent decision to retire from the fund in the new year, marking two years since the merger that created ART. Anderson is currently Mercer's global chief commercial officer, based in London. It's a role he ...

Advisers, accountants ramp up partnerships

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2023
... Associates, a Sydney-based accounting firm for $1,022,000. At the end of June, Count completed eight acquisitions and one merger of accounting firms to own a total of 18. For advisers looking to sell their business, Birt said that this is "an excellent ...

Internal teams to manage 43% of super FUM by 2043: Data

JAMIE WILLIAMSON  |  TUESDAY, 12 DEC 2023
While just 17% of APRA-regulated superannuation fund under management is currently overseen by internal investment teams, it's estimated this will balloon to almost half the total FUM come 2043. Presently, about 23% of not-for-profit (NFP) super funds' ...

MLC Life names general manager, remediation

JAMIE WILLIAMSON  |  MONDAY, 11 DEC 2023
MLC Life has hired the man who led Commonwealth Bank's recent $1 billion remediation program to the role of general manager, remediation programs. Ian Fletcher, currently general manager of program strategy, customer remediation at Commonwealth Bank ...

Mercer Super investment chief departs

ELIZABETH FRY  |  FRIDAY, 8 DEC 2023
... contributions during his time at Mercer," the firm said. Both Collocott and Kerr arrived at Mercer in April as part of the merger of BT Super into the Mercer Super Trust and the acquisition of Advance Asset Management. On joining, Collocott oversaw the ...

Advice firms must scale up to meet demand: AZ NGA

CASSANDRA BALDINI  |  WEDNESDAY, 6 DEC 2023
Financial advice businesses must supercharge their capabilities, expand their capacity, and scale up to reach and serve more Australians. According to AZ NGA's paper, titled Ready or Not? A guide to building a super firm, the industry's current ...

Coastal Advice Group expands reach

CHLOE WALKER  |  WEDNESDAY, 6 DEC 2023
... plans to further expand through strategic hires, bringing the estimated team size to 50. It has also teased a potential merger with an established Port Macquarie firm in the new year. "We commenced this project earlier this year, to identify key partnerships ...