Spending spree sees planner shake-up
More than $17 billion of funds under advice has changed hands in the past six months, according to analyst Rainmaker Research.
The changing ownership has prompted a reshuffle of Australia’s top 10 financial planning groups.
The biggest deals include Axa’s $150 million acquisition of Genesys and ING Australia’s purchase of FSP Group. The sector is set to be further shaken up by the proposed merger of Westpac and St George banks.
The changing ownership has prompted a reshuffle of Australia’s top 10 financial planning groups.
The biggest deals include Axa’s $150 million acquisition of Genesys and ING Australia’s purchase of FSP Group. The sector is set to be further shaken up by the proposed merger of Westpac and St George banks.