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Showing 31 - 40 of 2930 results for "Stake"

UK manager recruits Australia head

ELIZABETH FRY  |  FRIDAY, 15 MAR 2024
... of BlueBay Asset Management and Alex Khein, former chief executive of BlueBay. In February 2023, the firm sold a minority stake to Ares Management, the alternative investment manager worth US$352 billion.

Low-margin clients hurt practice valuations

KARREN VERGARA  |  THURSDAY, 14 MAR 2024
... cost to serve. Among the transactions that took place in 2023, the number of investors taking a minority or majority equity stake in scaled advice practices has increased. "This area of the market is growing as consolidation in the sector continues and ...

Coastal Advice Group merges with Compass Financial Management

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
Coastal Advice Group (CAG) has continued its expansion plans by announcing it has merged with Port Macquarie financial advice firm Compass Financial Management. This comes after CAG also acquired both RI Advice Brighton and Wealth for Life Financial ...

Government promises transparent financial services regulation

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
The federal government is launching an initiative to provide transparency and better coordination in how it regulates financial services firms to alleviate their compliance costs and burdens. The Financial Sector Initiatives Regulatory Grid wants to ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... enterprise clients employing 1.5 million. Ironically, Hostplus, which is an avid investor in start-ups and venture capital, has a stake in Employment Hero. Hostplus is also worried that WMPs will negatively influence employees post-onboarding. "There ...

Government consults on options to improve performance test

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
The government is seeking feedback on alternative superannuation performance test designs after criticism about unintended investment consequences. In considering potential reform options, the primary focus is on improving member outcomes through an ...

Islamic Bank hands back licence

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... products and had no customers and zero deposits, APRA said. Also in May 2023, Hejaz Financial Services took a $10 million stake in the bank. It had originally been pursuing its own ADI.

UniSuper, ISPT acquire commercial property at Western Sydney Airport

ANDREW MCKEAN  |  WEDNESDAY, 6 MAR 2024
... management firm, facilitated the acquisition on behalf of UniSuper and ISPT. While Richmond Bridge will oversee UniSuper's stake in the project, ISPT will manage its own investment directly. On the new deal, UniSuper senior manager, property, Nick ...

Melbourne advice firm joins Count

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... has made several other deals including buying the accounting client book of May Klye & Associates, and divesting its 100% stake in subsidiary Bentleys WA to West Australian based firm Fortuna Perth for $1.1 million. In turn, it expects Fortuna's advisers ...

Insignia details transformation progress

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... 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 month, with a view to being finalised next month. Underlying NPAT for ...