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Showing 31 - 40 of 230 results for "Separation"

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... full-year results to the ASX today, Insignia Financial said the loss was due to $257.7 million in transformation and separation costs and $243 million in remediation costs and fines. This is compared to the $51.2 million in net profit it reported in ...

AMP sells advice licensees to Entireti, AZ NGA

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... AMP expects to book a $30 million loss on the transaction in the second half. In addition to legal, transaction and separation costs, AMP said this also accounts for incentives being paid to some advisers and provisions "associated with known issues." ...

Insignia Financial flags more remediation ahead

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... "assumptions updated for the recent Quality of Advice detriment experience." It comes as Insignia Financial celebrates the separation of its self-employed adviser channel, with the official commencement of Rhombus Advisory this month. It retains a 37% ...

GSFM and Tribeca part ways after 16 years

ELIZA BAVIN  |  MONDAY, 3 JUN 2024
... nine other fund manager partners, each offering specialized investment strategies across various asset classes. This separation will not impact any of GSFM's existing distribution arrangements with other partners or affect any other businesses or ...

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... toward a capital return to shareholders," he said. However, he added that uncertainties regarding transaction costs, separation expenses, and capital gains tax make it difficult to determine if the deal is accretive to Morningstar's intrinsic assessment. ...

Perpetual seals $2.18bn deal with KKR, chief to retire

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
... expected to deliver enhanced long-term value to shareholders. "Shareholders will benefit from cash proceeds following the separation and acquisition by KKR of our wealth management and corporate trust businesses, while also retaining ownership in a more ...

QMV Legal folds, managing partner to launch new firm

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... fold on April 26, shortly after Novigi acquired the QMV Solutions business on February 1. "Novigi and I both view the separation of legal and technology businesses as the right path to offer the best future for our clients, allowing both organisations ...

Insignia details transformation progress

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... establishment of the new Rhombus Advisory is progressing, with adviser sentiment positive. It is on-track for profitability and separation this time next year, it said. Meanwhile, a deal to sell its stake in Godfrey Pembroke was officially signed this ...

Iress reports $137m loss in 'challenging year'

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
... Iress has initiated the divestment of its Mortgages business in the UK, attracting strong buyer interest. Further, the separation of product and technology operations for the South Africa and Canada businesses from the core operations is advancing as ...

Perpetual rebuffs Soul Pattinson takeover offer

ANDREW MCKEAN  |  THURSDAY, 7 DEC 2023
... acknowledged that while its businesses have periodically garnered market attention, there is "merit to exploring the separation of Perpetual's businesses as part of a strategic review." "The board remains focused on exploring options to maximise shareholder ...