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Showing 1 - 10 of 356 results for "Wealth Management business"

Perpetual to overhaul J O Hambro

KARREN VERGARA  |  WEDNESDAY, 6 MAY 2026
... out "disciplined cost management practices that support operating leverage." Should the sale of the wealth management business to Bain Capital finalise before the end of 2026, the group will comprise two units - asset management and corporate trust. ...

Perpetual AUM falls by $8.3bn in March quarter

RIDDHIMA TALWANI  |  WEDNESDAY, 22 APR 2026
... approximately 1% to 2% for the year. Reilly added he was pleased to have announced the sale of Perpetual's wealth management business to Bain Capital, which was announced in March. "Subject to the satisfaction of conditions precedent, the sale is expected ...

Ironbark brings businesses under one national banner

RIDDHIMA TALWANI  |  WEDNESDAY, 18 MAR 2026
... provide advice and investment solutions to a diverse client base and build on its position as a leading wealth management business. "We are excited about the role that Ironbark can play in the future of wealth management in Australia," Larsen said. "We ...

Bain Capital to acquire Perpetual's wealth management unit

KARREN VERGARA  |  MONDAY, 16 MAR 2026
Following months of due diligence, Bain Capital will acquire Perpetual's wealth management business for $550 million. The two parties entered the binding agreement that will see Perpetual license its Perpetual Wealth and Perpetual Private brands ...

Perpetual sees 349% profit jump

RIDDHIMA TALWANI  |  THURSDAY, 26 FEB 2026
... chief executive Bernard Reilly said. The board declared an interim dividend of 59 cents per share. The wealth management business saw underlying profits before tax drop by 19% to $23.7 million, impacted by uncertainty surrounding sale of the business ...

Centrepoint Alliance, Count see strong earnings growth

MATTHEW WAI  |  TUESDAY, 24 FEB 2026
... Commenting, Count chief executive Hugh Humphrey said the demand for advice and strategy to scale its wealth management business was key to the performance. "With scale, diversified wealth solutions and leading business services, Count is uniquely positioned ...

AMP profits fall as Alexis George prepares to step down

ELIZA BAVIN  |  THURSDAY, 12 FEB 2026
... million, compared to $61 million in FY24, reflecting the costs of scaling AMP Bank GO. The New Zealand wealth management business saw underlying NPAT up 5.4% to $39 million. Total assets under management was up 9% from $148.4 billion to $161.7 billion ...

Integro announces first east coast hire

ELIZABETH FRY  |  THURSDAY, 29 JAN 2026
Integro has appointed a new head of advice for the East Coast, as the Perth-based firm surpasses $1 billion in funds under advice. Adam McRedmond is tasked with growing the firm both organically and through acquisition across New South Wales, Queensland ...

Perpetual hit by $7.8bn net outflows in Q2

ELIZA BAVIN  |  THURSDAY, 29 JAN 2026
... slightly higher for the quarter at $230.8 billion, compared to $230.2 billion in the previous quarter. The wealth management business saw FUA of $21.9 billion, flat on the prior quarter as it continues to push ahead with a sale. "Perpetual has progressed ...

AWAG partners to form $240m wealth business, names principal

MATTHEW WAI  |  WEDNESDAY, 28 JAN 2026
... management services leveraging the practice's existing client base or alternatively acquires an established wealth management business for the joint venture," AWAG said. "A key advantage of this transaction is that a successful, operating business was ...
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