Latest Wealth Management News

Perpetual Limited weathered a turbulent March quarter with a 3.6% drop in assets under management to A$219.2 billion amid currency pressures and outflows, while advancing the sale of its Wealth Management business to Bain Capital.

Praemium Limited lifted its total Funds Under Administration by 18% to $73.7 billion in Q3 FY26, driven by strong net inflows and growth in its non-custodial portfolio administration. The ongoing integration of Technotia is set to deliver $9 million in annual technology salary savings from FY27.

HUB24 continued its strong growth trajectory in Q3 FY26 with $4 billion in net platform inflows and announced plans to acquire the trustee of its super fund, signaling strategic consolidation amid market volatility.

Insignia Financial’s $3.3 billion acquisition by CC Capital Partners has cleared its final legal hurdle, with the Federal Court approving the scheme of arrangement and share trading set to suspend imminently. Shareholders on record will receive $4.80 per share when the deal completes later this month.

The Federal Court has approved the acquisition scheme for Insignia Financial by CC Capital Partners, setting the stage for a $4.80 per share cash payout and imminent ASX suspension.

AMP Limited's first quarter of 2026 saw Platforms net cashflows jump 45% to $1.1 billion, alongside improved outflows in Superannuation & Investments and a $150 million share buyback commencement. The bank's GO deposits also surged, signaling momentum despite market headwinds.

Netwealth delivered a resilient March quarter with $4 billion in net inflows, pushing total funds under administration to $125.8 billion despite a 3.7% market dip. Growth in Managed Accounts and new intermediary relationships underpin ongoing momentum.

Insignia Financial shareholders met on 13 April 2026 and overwhelmingly backed a $4.80 per share acquisition scheme by CC Capital, valuing the company at about $3.3 billion and offering a near 57% premium to pre-offer prices.

Count Limited has announced a strategic acquisition of Oracle Group, significantly expanding its financial advice and wealth management footprint across Australia. The deal is backed by a $40.9 million equity raising to support growth ambitions.

AMP Limited has announced a $150 million on-market share buyback set to begin after its first-quarter cashflow release in April 2026, signalling a strategic focus on shareholder returns and organic growth.

Bailador Technology Investments is backing DASH Technology Group with an additional $5 million investment at a valuation below its current carrying value, reflecting cautious optimism amid market pressures.

Sequoia Financial Group has agreed to sell its financial planning arm InterPrac to Conquest Investment Partners for $50,000, following a strategic review that exposed significant challenges and asset write-downs.