Latest Wealth Management News

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.

EQT AB’s controlled entity has raised its indicative offer for Perpetual to A$22.50 per share, a modest increase contingent on the sale of Perpetual’s Wealth Management business and other conditions. The Perpetual Board remains undecided and has not recommended shareholder action.

ClearView Wealth held a pivotal Scheme Meeting, securing strong shareholder backing for Zurich's $0.65-per-share acquisition offer, with the board and independent expert endorsing the deal as fair and beneficial.

Generation Development Group (ASX: GDG) closed FY26 with a 36% jump in funds under management to $46.4 billion, powered by record sales at Generation Life and a landmark strategic partnership with Colonial First State.

Sequoia Financial Group's CEO Garry Crole has resigned immediately, prompting the appointment of interim leaders while the Board searches for permanent replacements.

Praemium’s total Funds Under Administration surged 21% to $77.9 billion in FY26, driven by strong platform net inflows and robust growth in non-custodial portfolio administration.

WT Financial Group's FY2026 indicative results reveal a 22% rise in EBITDA to $8.4 million and a 20% increase in net profit before tax, driven by scalable adviser network efficiencies and strategic investments.

Count Limited (ASX:CUP) is set to complete its acquisition of Oracle Group with a revised upfront consideration of about $49 million and increased expected cost synergies of $1.25 million annually.

Perpetual Limited has formally dismissed EQT AB’s improved but conditional acquisition proposal, deeming the offer insufficient for shareholders amid ongoing strategic shifts.

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.

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.

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.