Perpetual looks to grow Jacaranda presence
Perpetual has signalled that following its recent acquisition of financial planning business Jacaranda Financial Planning it is now looking to grow the firm’s operations along the eastern seaboard.
Perpetual’s reference to the strategy came as it provided a quarterly update to the Australian Securities Exchange (ASX) noting that Perpetual Private’s had delivered positive net flows of $0.2 billion during the quarter and had benefited from an additional $0.9 billion in funds under management (FUA) from Jacaranda.
The company said that Perpetual Private’s FUA was $18.5 billion as at 30 September, with the $1.5 billion increase due to the addition of Jacaranda and $0.2 billion in positive net flos and $0.4 billion from positive investment markets.
More broadly, Perpetual announced that total Assets under Management stood at $101.1 billion as at September 2021, up 2.7% on the prior period with all of its business divisions in positive territory.
You're clearly an AIOFP member and most likely licensed by Interprac, The AIOFP record in this area is abhorent.
So now S & FG are the fault of the AIOFP ? Dixons was AIOFP fault too ?
So now S & FG are the fault of the AIOFP ?
I really hope this doesnt end badly and bring a stink to the industry. This mob do not have a…
You know its just going to be a conduit for the investments they can't get on other platforms