Latest Australian Financial Services News

Perpetual Limited has extended its exclusivity agreement with Bain Capital into early 2026 as discussions continue over the potential sale of its Wealth Management business. While progress is steady, no binding deal is yet assured.

AWAG has accelerated its growth trajectory by doubling its authorised representatives and increasing funds under management to $3.6 billion through strategic investments in Avalon Financial Services and SWR Chartered Accountants.

Fiducian Group’s subsidiary Fiducian Investment Management Services Limited has filed a defence after ASIC initiated civil proceedings alleging misleading disclosure and compliance failures related to a managed fund.

Anagenics Limited has announced a two-tranche placement to raise A$2.25 million, aiming to expand its health and wellness brands while retiring debt and supporting working capital.

Clime Investment Management has agreed to sell its retail client book for $1.65 million, marking a strategic shift to focus on its wholesale business and high-net-worth clients.

Australian Bond Exchange narrowed its FY25 loss by 26% through disciplined cost cuts and is advancing its fintech strategy with AI-driven credit tools and tokenised asset ambitions.

ASF Group’s subsidiary has secured AUSTRAC registration as a Digital Currency Exchange, positioning itself for future digital asset opportunities while holding off on active trading.

ASF Group's subsidiary ASF Capital has secured AUSTRAC registration as a Digital Currency Exchange provider, marking a regulatory milestone without commencing crypto operations or holding digital assets.

Australian Bond Exchange Holdings (ASX – ABE) unveiled new AUD-denominated market-linked securities and progressed its AI-driven credit analysis tool, while reporting a $0.7 million quarterly cash outflow and plans for capital raising.

NSX Limited has been fully acquired by a Canadian entity, leading to the suspension and imminent delisting of its shares from the ASX. A new non-executive director has been nominated as part of the transition.

The Federal Court of Australia has approved the acquisition of NSX Limited by a related entity of the Canadian Securities Exchange operator, setting the stage for NSX’s delisting from the ASX later this month.

Australian Wealth Advisors Group Ltd (AWAG) has acquired a 20% stake in First Mutual Australia, marking a key step toward doubling its authorised representatives by mid-2026. This earnings accretive move underpins AWAG’s strategy to build a boutique ‘house of brands’ in financial advisory.