Latest Financial Advice News

Sena & Co, already holding 75.9% of 2 Cheap Cars, proposes a full takeover at NZ$0.80 per share, aiming to delist the company and compulsorily acquire remaining shares.

WT Financial Group reports a 20% rise in net profit before tax for FY2026, underpinned by its scalable adviser network and strategic Hubco platform expansion.

HUB24 delivered a standout FY26 with record net inflows of $18.9 billion, a 20% rise excluding large migrations, and boosted total Funds Under Administration to $164.3 billion. The platform’s adviser base grew 11%, while new product launches and AI-driven tools expanded its market footprint.

Hammer Metals has received a non-binding proposal from Austral Resources to acquire 100% of its shares via a scheme, coupled with a demerger of its WA gold assets into a separate entity valued at 8.7 cents per share.

Genesis Minerals has tabled a binding offer to acquire Vault Minerals for approximately $5.6 billion, outbidding a prior scheme with Regis Resources and triggering a five-day matching period.

Centrepoint Alliance has finalised the $3 million acquisition of client books and advisers from Cairns Wealth and Pinnacle Wealth, expanding its salaried advice business and boosting recurring earnings.

WT Financial Group has completed the sale of its Vesta subsidiaries to Titan Advice Group, increasing its direct equity stake in TAG and advancing its multi-pronged Hubco strategy with further acquisitions and new platform formations.

JPMorgan Asset Management (Australia) Limited has announced final cash distributions for June 2026 across three of its Equity Premium Income ETFs, detailing payment amounts, reinvestment prices, and key dates for investors.

Euroz Hartleys is set to sell its Capital Markets division to BMO Financial Group for A$145 million, refocusing on its Private Wealth operations and returning proceeds to shareholders.

The Australian Taxation Office has issued a Class Ruling detailing the income tax implications for Red Metal shareholders who received Maronan Metals shares as a return of capital. This guidance aims to provide clarity following the May in-specie distribution.

WT Financial Group (ASX: WTL) reports robust half-year growth and unveils a $3 billion equity partnership strategy to scale Australia’s largest financial adviser network.

Elanor Investors Group appoints David McNamara as CEO, signaling a leadership shift following a balance sheet recapitalisation and strategic reset. The Board also sees key transitions with Tony Fehon moving to a non-executive role and Su Kiat Lim stepping down.