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Showing 571 - 580 of 7576 results for "Deal"

Acquisitions boost WT Financial Group results

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
Major acquisitions, including the takeover of Millennium3, helped WT Financial Group (WTL) boost performance in the 2024 financial year. Releasing preliminary results this morning, WTL founder and managing director Keith Cullen said revenue for the ...

AMP sells advice licensees to Entireti, AZ NGA

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... biggest transaction to date in Australia and its 19th this year. Several AMP staff will also join AZ NGA, it said. AMP said the deal is part of its bid to ensure a sustainable advice proposition, having spent the last 12 months considering a raft of ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
AFS Licensees (AFSLs) and their professional indemnity insurers (PII) that fail to pay a determination will potentially see their licence revoked if the Compensation Scheme of Last Resort (CSLR) has to intervene. CSLR chief executive David Berry warned ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
The founder and former chief executive of wealth management firm United Global Capital, Joel Hewish, has been slapped with a 10-year ban from providing financial services. Hewish, who is also prohibited from holding any role within a financial services ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
The AMP Super Fund trustee, N.M. Super, has had its additional licence conditions lifted, marking the end of all outstanding matters raised by the Financial Services Royal Commission. N.M. Super, which controls the AMP Super Fund and Wealth Personal ...

BNP Paribas in talks to buy AXA Investment Managers

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2024
... $500 million (€300 million) for the sale of its Select business, formerly Architas prior to finalising the sale. Under the deal, AXA and BNP Paribas would agree a long-term partnership in which AXA retains full authority over product design, asset ...

Private capital fundraising remains in the doldrums: Preqin

ANDREW MCKEAN  |  THURSDAY, 1 AUG 2024
... Chinese-focused private capital fundraising had averaged $45 billion each quarter between 2019 and 2021. In the second quarter, buyout deal volume in the APAC region increased, with the total deal value nearly doubling from the first quarter to reach ...

Future Fund hires Fortlake investments deputy

ELIZABETH FRY  |  MONDAY, 29 JUL 2024
... building its investment team since its tie-up with Colonial First State that was finalised on May 30. Under the terms of the deal, CFS will get 12% of future revenue and, in return, will assume back-office functions such as responsible entity, trustee ...

Build Your Wealth adviser cops ban

KARREN VERGARA  |  FRIDAY, 26 JUL 2024
The owner and financial adviser at Build Your Wealth has been banned from the industry for five years after ASIC found evidence of conflicts of interest. Christopher Edward Luff failed as a financial adviser, according to ASIC's investigation, particularly ...

Positives remain at Perpetual, says Morningstar

JAMIE WILLIAMSON  |  THURSDAY, 25 JUL 2024
... Ler pointed out face less competition than the asset management business. However, he pointed out that details of the KKR deal remain unknown and, for it to be accretive to Morningstar's fair value estimate, any additional costs and taxes incurred ...