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.
And we thought the bikies were the problem. No its the criminals in white shirts and suits that we need…
$319.97 for each attendee for catering? What was on the platters? Lobster? Caviar? Black Truffle?
You got to wonder what Count's motivation was for making their decision to exit Metrics from their APL public was?
Peter you 100% correct and those of us watching for years have seen this coming incrementally at first, and now…
100% agree. Grab a helmet.