With AMP advisers moving to Entireti and Insignia being the subject of a private equity bidding war, how can deals be navigated to ensure minimal stress and uncertainty for staff and advisers?
Mergers and acquisitions (M&A) can be an uncertain time for staff and it is expected the activity will be a key trend in financial services in 2025.
At the end of 2024, Entireti completed its…
ASIC has named its new chief executive, who is set to replace retiring interim CEO Greg Yanco in March.
The corporate regulator has appointed Scott Gregson as its chief executive, joining the regulator on 17 March.
Having spent almost 30 years with the Australian Competition and Consumer Commission (ACCC), most recently as its CEO, Gregson takes over from ASIC’s retiring interim CEO Greg…
Alternative asset managers may say they are interested in the retail market, but figures from EY show 40 per cent say they plan to invest “nothing” to target this demographic.
In the consultancy firm’s Global Alternative Fund survey, which surveyed 224 alternative fund managers and 200 institutional investors, it said scaling up alternatives to the retail market is “far from…
Preliminary results from Wealth Data for the 2024 calendar year have unveiled which licensees reported the highest growth and losses in adviser numbers.
The research house found that Centrepoint Alliance led the way for growth with gains of 39 advisers last year. Finchley and Kent followed closely with 37 advisers, and PictureWealth with 34 advisers.
As one of Australia’s largest licensee…
Original bidder Bain Capital has returned with a revised bid for Insignia Financial, matching the offer from CC Capital.
The private equity firm, which first bid $4 per share, has now made an updated bid on 11 January for $4.30 per share.
This matches the bid put out on 3 January by rival firm CC Capital.
Insignia pointed that, having rejected Bain’s first bid, the firm noted in its…