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Younger women embrace geared strategies: Data

MATTHEW WAI  |  TUESDAY, 4 MAR 2025
... the past six years. The number of geared investors rose from 84,000 in 2023 to 100,000 in 2024, with pre-retirees (55-64) now making up 12% (up from 7%) and retirees (65+) accounting for 8% (up from 6%). However, despite the growth, the margin lending ...

Outlook favourable for practice valuations: Guide

JAMIE WILLIAMSON  |  FRIDAY, 28 FEB 2025
... practice, propensity to purchase additional services and somewhat the level of interest they would provide to the adviser. Now the fees clients pay is far more important than it has been historically," Centurion said. Multiples for a transaction are ...

Clime Investment Management lands new strategic partnerships

ANDREW MCKEAN  |  FRIDAY, 28 FEB 2025
... offering - Clime Private Wealth (CPW) and MTIS Wealth Management are in the process of fully integrating with CPW Queensland now being fully consolidated. This business unit has some $950 million in funds under advice. Clime managing director Michael ...

GDG sees profits soar $74m

ELIZA BAVIN  |  FRIDAY, 28 FEB 2025
... massive jump in profit comes after GDG completed its acquisition of Lonsec Group which added $75.1 million. GDG also said it was now a leader in the managed accounts sector thanks to its acquisition of Evidentia Group and merger with Lonsec Investment ...

Perpetual profits dented after KKR deal goes up in smoke

ANDREW MCKEAN  |  THURSDAY, 27 FEB 2025
... simplification program, which is aimed to deliver a "simplified, focused asset management business and leaner central functions," is now expected to deliver cost reductions of $70 million to $80 million, before tax, by FY27. The program has already delivered ...

Advisers grapple with AI, require support: Survey

KARREN VERGARA  |  THURSDAY, 27 FEB 2025
... compliance automation. Netwealth, for example, has introduced a generative AI-powered portfolio commentary tool. Its advisers can now produce personalised commentary at scale for all clients on portfolio movement, portfolio performance, asset allocation ...

Court acts against two with links to Shield Master Fund

JAMIE WILLIAMSON  |  THURSDAY, 27 FEB 2025
... assets of his until at least April 4. Saad is the former director of Aus Super Compare and Atlas Marketing, both of which are now in liquidation. Meantime, Merhi is also being investigated for his links to the collapsed fund, with the court also freezing ...

Property developer, investment firm goes 'all in' on Australia

ANDREW MCKEAN  |  WEDNESDAY, 26 FEB 2025
... market, including a new fund. Oreana's funds management business was established in Asia in 2017, but the firm said it's now expanding its offering to a broader set of investors. Oreana chief executive of investments Luke Moore said the firm ...

Selfwealth to proceed with Svava proposal

MATTHEW WAI  |  WEDNESDAY, 26 FEB 2025
... shareholders." However, the binding offer from Svava has ultimately ousted BFG from the bidding war. Accordingly, Selfwealth is now permitted to further progress the Svava proposal and intends implement the proposal "as soon as practicable". The trading ...

Technology optimises family office performance: KPMG

KARREN VERGARA  |  WEDNESDAY, 26 FEB 2025
... recognising the need to leverage technology, to improve efficiency, enhance decision making, and mitigate risks. Technology is now a powerful driver of growth and productivity. It can also help family offices access new opportunities, new sources of ...