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Showing 491 - 500 of 3453 results for "Stake"

Stake to operate under its own AFSL

ANDREW MCKEAN  |  MONDAY, 8 JUL 2024
Stake currently provides financial services as an authorised representative of Sanlam Private Wealth and global payments giant Airwallex; both hold an AFSL. But soon, Stake will operate under its own AFSL, offering services as an authorised representative ...

AWAG invests in advice firm, adds to network

KARREN VERGARA  |  MONDAY, 8 JUL 2024
The Australian Wealth Advisors Group (AWAG) has taken a stake in Melican Financial Planning and added Murdoch Private Wealth to its licence. ASX-listed AWAG took a 20% stake in Melican Financial Planning, a firm that provides accounting, mortgage broking ...

Sequoia professional services lead exits, restructures business

KARREN VERGARA  |  THURSDAY, 4 JUL 2024
Sequoia Financial Group's head of professional services, who worked with a group that attempted to overthrow the current leadership, has left the firm as part of an executive and structural shake-up. Brent Jones was appointed as head of Sequoia's professional ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
The Senate committee tasked with assessing the capabilities of ASIC says the government should recognise the regulator has "comprehensively failed to fulfil its regulatory remit", calling for a complete overhaul of its structure, powers and how it's ...

Federation AM invests in Astris Advisory

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2024
Federation Asset Management has taken a stake in Japanese financial services firm Astris Advisory Japan K.K. for an undisclosed amount. The Tokyo-based advisory firm helps connect Japanese corporates with the international investment community and vice ...

Family office buys into WNBL potential

JAMIE WILLIAMSON  |  TUESDAY, 2 JUL 2024
... unprecedented growth," he said. Wollemi Capital Group has already proven itself a basketball fan, having purchased a 30% stake in Hoops Capital in 2022. Hoops Capital is the basketball business of Total Sport & Entertainment and owns both the Sydney ...

Australian Retirement Trust acquires major stake in industrial estate

ANDREW MCKEAN  |  FRIDAY, 28 JUN 2024
Mirvac finalised the sale of the Aspect South Industrial precinct in Sydney to the Mirvac Industrial Venture (MIV), with Australian Retirement Trust (ART) acquiring a 49% interest, bringing its total expected value to $1 billion. Last June, Mirvac and ...

Telstra flags ditching venture capital arm

KARREN VERGARA  |  TUESDAY, 25 JUN 2024
... institutional investors," Ackland said. In 2022, Telstra Ventures announced the close of its third fund, which it has a 50% stake in. It has a 62.5% interest in the Telstra Ventures Fund II. Its Revenue Acceleration Platform has generated US$580 million ...

AustralianSuper completes build-to-rent-to-own project

KARREN VERGARA  |  MONDAY, 24 JUN 2024
... help them budget to purchase their home. AustralianSuper made a cornerstone investment in Assemble in 2020, acquiring a 25% stake. It has injected about $500 million in Assemble's BTRTO projects that will construct more than 1400 homes by 2027. Last ...

Morningstar reveals top three undervalued stocks

ELIZA BAVIN  |  MONDAY, 24 JUN 2024
... lithium production resources to a joint venture with the state-owned Codelco, where SQM will have just under a 50% equity stake, effectively giving SQM 150,000 metric tons of capacity once the expansions are complete," Morningstar said. "We expect lithium ...