Gresham House’s Post

We're excited to share that Fiducian Group has demonstrated impressive resilience and growth. As of May 31, Fiducian's share price has surged by 32% over the past year, significantly outperforming the ASX 200's return of 8.2% over the same period. Speaking with Money Management, Fiducian Services' Executive Chairman Rahul Guha attributed this success to three main factors: 1) Sustainable Business Growth Strategy: Rather than chasing growth for growth's sake, Fiducian focuses on adding long-term value for shareholders. 2) Holistic Client Offerings: Our comprehensive services, including funds management, platform administration, and financial planning, are tailored to client needs. 3) Client-First Focus: Maintaining above-industry service standards and robust product offerings ensures our clients and advisers thrive, which in turn drives Fiducian's success. #FiducianGroup #FinancialGrowth #InvestmentSuccess #ClientFirst #SustainableGrowth

The JMMB Moneyline IPO platform addresses evolving investor preferences, offering user-friendly access to financial services. It aims to broaden investor participation, transcending traditional broker limitations. Non-clients can now access benefits previously exclusive to JMMB Moneyline clients since 2020, enjoying convenience and real-time investment opportunities. The launch aligns with broader efforts to stimulate regional capital market growth, facilitating cross-border collaboration and listings. Click the link to read the full article. #JMMBGroup #JMMBInTheNews

We are pleased to announce that Prime Financial Group Pty Ltd (Prime - ASX:PFG) has entered into an agreement to acquire 100% ownership of Altor Capital Pty Ltd (Altor) and its controlled entities.   Over the last 6 years, Altor has built a funds management platform, covering distribution and administration, which allows the capability to launch new products in the alternative asset management space. Prime will look to leverage this capability and build out a diversified alternative asset management business under its Wealth Management offering. Prime will acquire Altor’s two core existing fund strategies covering private equity and private credit.   Prime's Chairman & Managing Director Simon Madder said "Our results over the last 5 years demonstrate that Prime is delivering on our material growth aspirations. The revenue increase, driven by strong organic growth, the recent acquisition of SMSF administration business Intello, and now the acquisition of alternative asset fund manager Altor, means we are well placed to deliver on our goal of doubling revenue to $50 million in FY25 and then doubling that figure again to $100 million within 3 to 5 years of FY25.”   Altor Director Harley Dalton said “In Prime, we have found the optimal long-term partner to leverage the alternative asset platform we have built over the last 6 years. Like Prime, we share a client-focused culture. The support Prime offers, combined with the autonomy of our investment and distribution teams, will ensure we continue to strive to deliver attractive returns to our clients.”   For more information on this announcement, please click here: https://lnkd.in/gYjecDV5 #asx #announcement #acquisition #primefinancialgroup

I am excited to announce that Mainsail Financial Group has been recognized in the recent AdvisorHub top 200 RIA's to watch across the country. Thanks so much for recognizing all the hard work, it's great to see us move into a new category in 2024! #seattle #finances #financialadvisor #investing #markets #bellevue [Link in the comments]

Recently formed RISR is moving forward with its new cloud-based platform aimed at helping advisors manage portfolios specifically for business owners. Here’s what RISR’s founder and CEO Jason Early had to say about the new platform, what it costs and where they’re going. #fintech #wealthmanagemnt #SMB #financialadvisors

Knowing when to delegate is key to building a strong, sustainable business. JoanAnn Natola, AIF, CPFA of ELEMENT Financial Group believes it and embodies it. If you’re thinking about updating your brand but don’t have the time or skill set to get it done, Commonwealth’s Advisor Marketing team is just the partner for the job. Learn how we’re here to get it done—a refresh, a rebrand, and everything in between—so you don’t have to. https://bit.ly/481rtqV #commonwealth #financialadvisor

Where are the customers’ yachts? This fabulous book has never been out of print since it was first published in 1940. Why is that? Because it contains a truth that over the decades has remained unchanged; the house always wins. The real money is invariably made by those making you move yours.  Follow the fees and it all becomes obvious. Prosper is positioning itself as the antidote to all that. Join our Founding Members and help us set sail to a new paradigm for investors and savers like you who want to maximise their wealth. Today, you can still benefit from zero fee access on 30 index funds from the world's leading asset managers, zero platform fees and zero transaction fees. In the future, we will charge members a fair platform fee and low, fair and transparent fees for any other investment products we think represent great value. Prosper is designed for long term savers who want to maximise the potential value of their wealth over the next decade or more. Your capital is at risk. Prosper founder and CEO Nick Perrett and Chairman Ricky Knox have previously worked together building Tandem Bank The company is backed by the founders of Monzo Bank, Capital One and Admiral Group Plc and other leaders in financial services. With thanks to the brilliant Billy Faithfull for the inspo.

GTCR LLC has paid $2.7 billion for AssetMark, an online #wealthmanagement platform. Such assets have been hotspots for #PE investment, but that's slowly changing as the industry contracts. Can GTCR replicate the explosive growth it found with CAPTRUST, or are the macroeconomic headwinds nowadays just too much? Plus: TPG buys Altimetrik, 26North inks its first deal, and Birch Hill Equity Partners bets big on Canadian pharmacies.

The changes to the ranks of the largest independent brokerages in wealth management in the past year represent only slight, yet notable, shifts at the top of the channel. Check out the top 15 independent brokerages in FP’s 2024 IBD Elite study based on their annual revenue, with insights from Stephen Langlois of Kestra Financial and Rita Robbins of Affiliated Advisors. #wealthmanagement #financialadvisors #brokerages #investments

Our Portfolio Client Griffin Raises $24M And Launches As A Fully Operational UK Bank Griffin is an API-first full-stack BaaS platform. Today they announced that they have received approval from the UK’s financial services regulators, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), to lift restrictions allowing Griffin to exit mobilisation and launch as a fully operational bank. Griffin has made extraordinary progress getting to this point. They offer a full-stack platform for technology-driven firms looking to offer banking, payments and wealth solutions to their customers. Griffin’s automated compliance technology and integrated ledger enable its customers to streamline their financial operations while continuing to deliver high-quality service to their customers.   To support their launch as a fully operational bank, they have raised $24 million in a funding round led by MassMutual Ventures, NordicNinja VC and Breega, with participation from existing investors EQT Ventures, Notion Capital and Seedcamp.   Follow their full press release here: https://lnkd.in/dY3mMje8   To co-founders David Jarvis and Allen Rohner as well as Chad Ryan and the entire Griffin team - a huge congratulations. We are excited with you for the next stage in your journey! #CLPfunded #CLPgrowthcapital #VentureDebt #GrowthCapital #FundingNews #VCfunding #VentureCapital #Investments #EuropeanTech