Clime IM’s wealth management M&A spree; How do the big 3 licensees stack up?

As Annick Donat announces she will step down as group CEO from Clime Investment Management, Money Management takes a look back at the M&A moves made by the firm during her tenure.

With the end-of-financial-year adviser gains and losses finalised, how does this year’s movement affect the ranking of the top three licensees?

“I’ve got liquidity problems.” This phrase has become a badge of honour among large-cap fund managers; a self-deprecating gloat that they’ve outgrown the market and become a victim of their own success.

An NSW individual has been convicted in Sydney’s District Court for providing unlicensed financial advice to individuals.

Listed fund managers have shared their final funds under management tallies for FY24 and how much they have grown during the year.

Newly merged advice firm Forbes Fava Saville Financial Planning has appointed a former Insignia practice development manager to the general manager of operations role.

Schroders Australia has appointed a new business development manager as the investment manager looks to further broaden its footprint in the intermediary market.

Financial advisers report experiencing trust issues from consumers still distrustful after the Hayne royal commission and in their own staff, but overall trust levels are on the rise.