Latest Financial Services News

Netwealth Group posts a record $135.7 billion in funds under administration for FY26, driven by strong net flows and platform enhancements despite short-term geopolitical jitters.

Australian Ethical reached a new record of $14.5 billion funds under management at June 30, 2026, driven by strong superannuation inflows and strategic investments amid challenging market conditions.

EQT’s controlled entity has upped its non-binding offer for Perpetual to A$22.07 per share, a 2% premium on its initial bid. The proposal hinges on Perpetual’s Wealth Management sale and other conditions, with no certainty of a deal.

Cadence Opportunities Fund (ASX:CDO) has announced a fully franked final dividend of 7.5 cents per share and a special dividend of 2 cents following a 30.3% return for FY26, boosting its yield to 6.5%.

Cadence Capital Limited has declared a fully franked 3.0 cents per share final dividend and a 1.0 cent special dividend following a robust 2026 financial year, delivering a combined 7.9% yield based on current share prices.

L1 Group’s funds under management climbed 12.4% in Q4 2026, buoyed by inflows into its Gold Fund IPO and Long Short strategies, while FY26 performance fees are set to reach up to $167 million.

Keybridge Capital Limited confirms ongoing financial support from WAM Active and outlines plans to meet overdue reporting obligations ahead of a potential ASX delisting.

Steadfast Group confirms Kohlberg Kravis Roberts has joined the consortium bidding to acquire the company at $6 per share, with no change to the transaction timeline or terms.

WAM Active has posted a staggering 75.5% investment portfolio gain for FY2026, far outpacing benchmarks, and announced increased fully franked dividends including a special payout.

WCM Global Growth Limited delivered a stellar 19.28% return in the June quarter, outpacing its MSCI benchmark, while announcing a series of progressive fully franked dividends through FY2027.

Count Limited has received Australian Competition and Consumer Commission clearance for its Oracle Group acquisition and locked in a $116.6 million debt facility with Commonwealth Bank to fund the deal and support growth.

TZ Limited has completed a modest entitlement offer at 3 cents per share, raising approximately $121,000, but a significant shortfall of over 81 million shares remains unallocated. The company plans to place these shortfall shares within three months or let them lapse.