MM Newsletter
17 Oct 2023
Latest News
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AZ NGA CEO on the ripe M&A landscape for financial advice

Speaking to Money Management, AZ Next Generation Advisory’s chief executive Paul Barrett has outlined the firm’s plans to quadruple its size to become Australia’s leading professional services company, having already completed 14 M&A transactions this year.

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Diverger shareholder rejects ‘farcical’ Count deal

Diverger shareholder DMX Asset Management has described its proposed merger with Count as a “farcical” transaction, saying the offer price does not reflect the fair value of Diverger.

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Government opens digital asset regulation consultation

The government has opened a consultation to increase regulation for digital asset and crypto platforms via holding an AFSL, including for those who give advice or promote the products.

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Magellan considers scrapping closed-ended Global option

Magellan is considering a conversion of the closed class units of its Magellan Global Fund into open ones in a bid to narrow its discount to NAV.

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Chair appointed at Westpac to replace McFarlane

Having stepped down from Challenger, Steven Gregg has joined the board of Westpac as chairman-elect.

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Cooper Investors expands Sydney footprint

The Melbourne-based equities fund manager has announced expansion plans to open an office in Sydney, as well as the appointment of a head of intermediary distribution.

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Taking the reins: The burgeoning trend of micro-AFSLs

The number of profitable practices channelling their time, capital and resources into self-licensed ventures is on the rise, a trend which larger licensees are observing closely.

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