Merit Wealth News Today

With the highest number of candidates in a year sitting the latest financial advice exam, a surge of new entrants are expected in the coming weeks.

Street Talk understands the asset finance broking group has lobbed a bid to rival Count Ltd’s offer for the ASX-listed financial service provider.

The planned acquisition of Diverger by Count will create the third-largest licensee in Australia, behind Insignia and AMP.

Count is making a play for Diverger, in a deal that will create an entity with $29 billion in funds under management and advice, and house 550 financial advisers.

Australians are at risk of losing out on their investments with predictions of months of deteriorating conditions in the global economy. But there are things you can do to make sure you’re not worse off.

Despite heavy losses in adviser numbers throughout 2022, there has been further growth to begin 2023. According to Wealth Data, there was a net loss of six advisers over the week to 19 January, wi

Diverger has ended discussions to acquire Centrepoint Alliance due to lack of “meaningful engagement”. However, neither party is ruling out future scale plays within the industry.

Diverger has submitted a conditional proposal to acquire Centrepoint Alliance which would create the third largest licensee putting it just behind Insignia and AMP with almost 1,000 advisers. Although it offers a different servicing model to the major institutions, the benefit of scale will give it a market leading position over other licensee service providers.

Clime Investment Managements value and quality-based investing strategies pushed the groups performance well into the red in the half-year to December.

Easton Investments will move forward as Diverger Limited, the company has confirmed. Following shareholder approval at an annual general meeting last week, managing director Nathan Jacobsen said th