Practice Growth
M&A insights for Australian financial advice practices, covering buying, merging, valuing, and selling advice businesses.
Iress' big loss on OneVue deal caps five years of platform bloodletting
It's a spectacular transaction, one that marks not only the likely nadir of Iress but what should be the end of five very frothy years of M&A activity in the...
OpenInvest finds its buyer
The proprietary technology provider will use a capital injection from an existing investor to take advantage of regulatory tailwinds set to push the wealth...
AMP's $100M BOLR bill a win for all sides
Advisers won the case against a well-armed opponent and can move on with more financial parity, while AMP's shareholders and executives can put a long-overdue...
OpenInvest hunts 'buyer with a bigger balance sheet' in search for scale
Despite a unique value proposition and some notable backers, wealth admin platform OpenInvest finds itself once again looking for capital. "We've had mixed...
Complii seals MIntegrity takeover to broaden services offering
The compliance software provider has acquired consultancy provider MIntegrity in a move Complii chairman Craig Mason hopes will "open the door" to further...
Count picks up Diverger in blockbuster licensee acquisition
The purchase comes after a turbulent couple of years for Diverger, which was formerly a collection of dealer groups under the Easton Investments banner.
Exit strategies for advisers in the new era
With commissions gone, financial advisers can no longer rely on swollen prices when they sell their practice according to Helen Nan. Exiting to retirement now...
Insignia's ANZ and MLC moves show dividends
The integration of its marquee business acquisitions has helped the nation's largest provider of financial advice services turn the corner.
Diverger forced to walk away from Centrepoint takeover bid after talks fail to progress
A merger that would have created the third largest licensee is cancelled.
Centrepoint offer continues the consolidation trend in advice
Centrepoint Alliance this week announced it had received a non-binding indicative offer from Diverger Limited to acquire all the shares in the company.
Clime buys MTIS Wealth to accelerate growth
John Abernethy's listed funds management firm, Clime Investment Management (CIW) purchased its second wealth management firm, Melbourne's MTIS Wealth...