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Showing 1 - 10 of 101 results for "Pembroke"

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... Expand, the creation of Rhombus Advisory, and the several asset sales it conducted including Millennium3 and Godfrey Pembroke. The remediation costs included $70 million paid to advice clients and $75 million paid to clients in product remediation. Insignia ...

Clime chief executive resigns

KARREN VERGARA  |  MONDAY, 15 JUL 2024
Clime Investment Management chief executive Annick Donat is exiting shortly after the ASX-listed firm announced an overhaul of its business model. Donat said she decided to step down after three years in the top job. Her final day is July 31. Before ...

Clime to offload Madison Financial Group

JAMIE WILLIAMSON  |  MONDAY, 27 MAY 2024
Clime Investment Management will sell Madison Financial Group and managed accounts platform WealthPortal to Infocus for $2 million. The sale is part of Clime's strategic decision to focus on its funds management and private wealth businesses and ...

Insignia research, retirement income head to depart

JAMIE WILLIAMSON  |  FRIDAY, 24 MAY 2024
... in July 2023 included the introduction of Rhombus Advisory and the return of much of Insignia's stake in Godfrey Pembroke to its advisers. Olsen has been in the role since April 2018, overseeing Insignia's investment philosophy and the teams ...

Insignia details transformation progress

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... 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 the advice business grew ...

Renato Mota to leave Insignia Financial

JAMIE WILLIAMSON  |  FRIDAY, 20 OCT 2023
... consolidating all self-employed licensees into one brand to be owned by the advisers via a new equity model, while Godrey Pembroke was to be completely divested and a buyer sought for Millennium3. In August, further consolidation was flagged when it ...

Bridges adviser base drops 20%

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
... ownership model for RI Advice Group, Consultum Financial Advisers, and TenFifty. It retained a small stake in Godfrey Pembroke and wants to offload Millennium3. One month later, Mota announced that the client experience teams of its employed adviser ...

Madison FG, Godfrey Pembroke's PDG combine services

KARREN VERGARA  |  THURSDAY, 17 AUG 2023
... advice networks. Madison signed a non-binding Heads of Agreement with PDG, an advisory representative board for Godfrey Pembroke advisers. Under the agreement, they will launch a new entity called Service Co, which will provide licensee services to the ...

Insignia Financial plans advice business transformation

JAMIE WILLIAMSON  |  THURSDAY, 27 JUL 2023
... be owned by the advisers via a new equity model. It has also confirmed it will divest most of its holding in Godfrey Pembroke and is looking to sell Millennium3. Insignia Financial outlined a raft of changes that it says will enable it to "competitively ...

NAB tops bad advice compensation bill

KARREN VERGARA  |  TUESDAY, 15 FEB 2022
... NAB's former subsidiaries have not. According to ASIC's latest compensation tally, Apogee Financial Planning, Godfrey Pembroke, GWM Adviser Services, and Meritum Financial Group, which are now part of IOOF, expect to remediate affected customers ...
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