Seeking advisers leaving the large licensee rat race; Clime IM appoints acting MD after Donat’s exit

A national financial advice firm is targeting advisers looking to leave large licensees and providing them with tools and financial backing to run their own business.

Clime Investment Management has appointed an acting managing director following the resignation of group chief executive Annick Donat.

Praemium has seen net outflows of $414 million over the June quarter with Powerwrap outflows eight times higher than the previous quarter, and the platform expects this to continue for another six months.

Fund manager Merlon Capital Partners has announced it has acquired the minority stake in the business previously owned by Fidante.

Two Australian small-cap asset managers have announced they are seeking to merge their businesses.

The financial planning technology group has entered into a binding share purchase agreement to acquire Integrated Portfolio Solutions, set to bring DASH’s FUA above $15 billion.

The symbiotic relationship between financial advisers and ETFs has “never been clearer” as a rising number of advisers look to use them with clients rather than finding themselves usurped by them, writes Damon Riscalla.