Fiducian’s Auxilium platform identified as ‘disrupter of the disrupters’; 4 advice firms merge to create Esencia Wealth

Fiducian’s Auxilium platform has been identified as a strong capability and growth opportunity at the firm, having recently opened up to external advisers for the first time.

Four financial advice businesses have joined forces to form Esencia Wealth, which has opened its new Sydney office with over 1,000 clients and 10 advisers.

Regal Partners has entered into agreement to acquire private capital and alternative investment specialist Merricks Capital for $235 million.

Sequoia has delayed its extraordinary general meeting by one day at the request of the Australian government’s Takeovers Panel regarding an application alleging unethical practices.

Tribeca Investment Partners has announced it is ending its distribution agreement with GSFM after 16 years as it seeks to internalise functions.

Generation Development Group has announced it has entered into a binding agreement to acquire the remaining 61.9 per cent of Lonsec that it does not yet own.

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.