Wealth Management News

InvestorDaily BT has revealed who will step into the newly created role of chief executive. The wealth giant announced that Matthew Rady will take on the position where he will oversee a “combined business” that includes BT Platforms, including BT Panorama, BT’s Personal and Corporate Super, and Investments. Westpac Group chief executive Specialist Businesses and […]

InvestorDaily Mirae Asset Global Investments has announced the appointment of a new chief executive and COO in Australia. Kris Walesby will join the Asia-founded company and take over as CEO after serving five years as CEO at ETF Securities. Mr Walesby has previously worked for a number of investment managers in London, including BlackRock, before […]

InvestorDaily Fisher Investments has announced it will be launching a private client group in Australia. The US-founded independent adviser will offer investment management services to “high net worth” private clients locally via a subsidiary. Having served institutional clients across Australia and New Zealand since 2013, the new subsidiary – which will use the trademark Fisher […]

ifa IOOF has announced that over 400 MLC advisers will join the wealth giant’s new expanded advice business following the completion of its acquisition. IOOF announced that the acquisition would take effect from 11:59pm on Monday night. The news will see the business double in size to $494 billion FUMA, with an additional 406 MLC […]

InvestorDaily The asset management division of Macquarie Group has secured one of the oldest asset and wealth firms in the US for $2.3 billion. Macquarie Asset Management (MAM) has completed its acquisition of Waddell & Reed Financial, all set to retain the group’s asset management business. Waddell & Reed’s US$76 billion ($98.1 billion) in assets […]

InvestorDaily AMP has announced it will pursue a demerger of its private markets arm, while a controversial executive will exit the business. After failing to reach a deal with US investment manager Ares, the wealth giant announced on Friday it would pursue a demerger of AMP Capital’s private markets arm consisting of infrastructure equity, infrastructure […]