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Showing 1 - 10 of 50 results for "MFG"

Advice veteran's exit creates $1bn Tassie wealth group

KARREN VERGARA  |  WEDNESDAY, 8 JUL 2026
Mancell Financial Group (MFG) founder Peter Mancell has retired as a financial adviser after 46 years, selling the business he built to pave the way for a $1 billion wealth management firm in Tasmania. Mancell officially stepped away as an adviser and ...

ACCC approves Magellan, Barrenjoey merger

KARREN VERGARA  |  MONDAY, 15 JUN 2026
... is set to change from Magellan Financial Group Ltd to Barrenjoey Group Limited. The ASX ticker code will also change from MFG to BJY. Magellan Investment Partners, the group's investment distribution brand, will change to Barrenjoey Investment Partners. ...

Magellan strengthens ranks with twin hires

ELIZABETH FRY  |  THURSDAY, 26 MAR 2026
... fields, and their appointments reinforce our commitment to strengthening our operational capability and product offering. As MFG continues to evolve, having the right leadership in place is critical to delivering long-term value for our clients." In ...

Lowy family takes stake in Magellan

KARREN VERGARA  |  TUESDAY, 10 MAR 2026
... ordinary shares on issue, with the Barrenjoey parties having about 31.7%. Barclays's interest will come to 4.9%. "The MFG board has carefully considered the strategic, financial and governance implications of the Merger. After thorough evaluation ...

Magellan profits fall, focuses on 'progress'

ELIZA BAVIN  |  WEDNESDAY, 18 FEB 2026
Magellan Financial saw statutory net profit after tax (NPAT) drop 27% in the first half of FY26 of $68.9 million, down from $94 million in 1H25. Magellan said statutory NPAT took a hit due to unrealised fair value movements in fund investments. Operating ...

Magellan records drop in assets under management

ANGELIQUE MINAS  |  WEDNESDAY, 7 JAN 2026
Magellan Financial Group (MFG) reported its assets under management (AUM) have reduced in the three months to December 2025. Total AUM decreased from $40.2 billion as at September 30, to $39.9 billion as at December 31 last year. Reporting on its two ...

Magellan global equities lead exits amid investigation

JAMIE WILLIAMSON  |  THURSDAY, 20 NOV 2025
... Streimann resigned from his post yesterday. Alan Pullen and Casey McLean have been named interim co-heads of global equities. "MFG remains committed to ensuring appropriate workplace standards in line with its values," it said. In addition to leading ...

Vinva, Barrenjoey buoy Magellan's earnings

KARREN VERGARA  |  WEDNESDAY, 20 AUG 2025
Vinva Investment Management and Barrenjoey Capital Partners helped bolster Magellan Financial Group's (MFG) earnings in the 2025 financial year, offsetting lukewarm performance in the investment management business. Vinva and Barrenjoey drove the 202% ...

Magellan rebrands investment business

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... new logo, and rebranded its investment business as Magellan Investment Partners. It said the move "reflects the breadth of MFG's business today and its strategy for the future" while also providing clarity to stakeholders. There are no changes to funds ...

Magellan sees $1bn monthly outflows

ELIZA BAVIN  |  TUESDAY, 6 MAY 2025
... as "significant" strategic developments that will position the group well for future growth. "The last six months has seen MFG continue to foster strong client relationships and innovate its product offering. Our distribution platform remains a competitive ...
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