News

Number of news items returned: 141 to 160 records of 422

"The rise of Robo Advisors is set to be repeated in the $452 billion MySuper segment"

28 October 2016

(15217 views)

"The superannuation industry is on the cusp of significant change and Smart Defaults like Trustee Tailored Super are set to ...

Benojo - Latest News - October 2016

24 October 2016

(15228 views)

"- Benojo grows its tech capacity by hiring an ex- lead user experience designer from Microsoft - Benojo builds sales capacity ...

"The fast-paced world of Squirrel Super: a tech company at heart"

12 October 2016

(17729 views)

"Squirrel Super leads the SMSF market with flexibility and efficiency Squirrel Super (part of Squirrel Limited), which started trading in May ...

160 Macquarie St, St Lucia - Development Approved

11 October 2016

(15797 views)

"An update on St Lucia Developments luxury apartments development at 160 Macquarie Street, St Lucia. Arquis Property Group are pleased ...

ATIC Update: Round 3 Closed, Entering Global Markets - China, Continued Fin Tech Development

11 October 2016

(14639 views)

"Round 3 closed. Exploring Global Partnerships- China on target Trade via STOCKATIC ™ - evolvement of a trading platform ROBO Advice Continued outstanding outperformance ...

Introductions, News and Events - Funding Strategies Connect Oct 2016

11 October 2016

(14460 views)

Dear Readers, You will find it interesting to see the breadth and diversity of our clients in this newsletter and how ...

United States Defence Advanced Research Projects Agency (DARPA) Selects Ocular Robotics to Present on Counter UAS Capabilities

10 October 2016

(14441 views)

"The Defence Advanced Research Projects Agency (DARPA) is an agency of the U.S. Department of Defense responsible for the development ...

OPMANTEK LOOKS TO BRAZIL TO EXPAND GLOBAL FOOTPRINT

10 October 2016

(14567 views)

"Opmantek continues to experience strong growth and has further expanded their team in an attempt to capitalize on high demand ...

Cirrena: New Product has been released

19 September 2016

(14341 views)

" Cirrena releases CLEER to its Launch Client Beta testing is underway with feedback loop in place First revenues due end of October ...

Property, Software and Strategy - Funding Strategies Connect September 2016

07 September 2016

(13064 views)

Dear Readers, Welcome to Spring! Since our previous newsletter, we have seen an increase in both investor activity and companies looking for ...

Cirrena launches two new products

05 September 2016

(13683 views)

"Cirrena launches two new products Votes Hub - Online, Simple and Secure self-managed Voting and Surveys Cleer - Engagement and communications platform ...

Opmantek's Strong International Growth Continues

05 September 2016

(13623 views)

"Opmantek’s period of strong growth has continued with previous quarter results seeing Europe emerging as the top performing region for the ...

Benojo - Latest News - September 2016

02 September 2016

(12782 views)

"Benojo reached a milestone of 7,000 users...growing its team and business development capacity..will launch its bespoke products in October..." Martyn Ryan, ...

Ocular Robotics invited to demonstrate at Army Innovation Day 2016

24 August 2016

(12494 views)

"In a highly competitive process Ocular Robotics has been invited to demonstrate an Immersive Telepresence System based on its RobotEye ...

ATIC Update: Round 2 Fully Subscribed & Latest Progress Report

24 August 2016

(13031 views)

ATIC Update: Round 2 Fully Subscribed & Latest Progress Report Round 2 fully subscribed. Progressing in offering execution & funds management services Property ...

Benojo - Latest News - August 2016

04 August 2016

(12810 views)

"Benojo secure $200,000 in R&D grants from federal Government... extends its tech capability to now include the general public..." Martyn Ryan, CEO, ...

Chat2, Cricket and much more - Funding Strategies Connect July August 2016

02 August 2016

(12404 views)

Dear Reader, Thank you for your interest in our company and services. We strive to provide successful introductions between profitable, expanding ...

ATIC announces Change of Director

19 July 2016

(12881 views)

"...it’s with pleasure that I can announce that Mr. Paul De Groot has joined the board of ATIC." Daniel Hendry, Managing ...

Completion of Squirel Limited Due Diligence

19 July 2016

(13064 views)

"Further to the announcement on 8 July 2016,  Metallum Limited is pleased to provide an update on its  proposed acquisition ...

Freedom Suites Launch at Brisbane Hair and Beauty Expo

19 July 2016

(13082 views)

"Freedom Suites has officially launched the salon suite concept at Brisbane Hair and Beauty Expo, 17th and 18th July, with ...

"PictureWealth actively seeks Australia-wide financial services acquisitions - MD"

07 June 18

 

"PictureWealth actively seeks Australia-wide financial services acquisitions - MD

 

PictureWealth, a private Perth, Australia-based integrated technology and financial advisory company, is actively seeking acquisitions Australia-wide to grow its customer base and scale its offering, said Managing Director and founder David Pettit.
The company, which uses Queensland-based BlueMount Capital as corporate advisor, is happy to hear from other advisors that can bring targets, he said.
It is looking to acquire financial services companies or planners with solid client bases, strong management teams, industry-specific expertise, global vision and proven execution, Pettit said. These could include small financial planners looking to exit or companies and clients coming out of larger groups, he said.
PictureWealth has already identified at least four targets, which have a combined total of AUD 940m (USD 720m) in funds under management and more than 45,000 clients, Pettit said. The company will pay a total of around AUD 19m for these targets and is in the process of finalising equity and debt funding, he said, without elaborating further on the funding details. The deals are expected to complete in the coming months, he noted.
The company’s forecast revenue post the acquisitions will be AUD 7m on completion, AUD 9.8m in the second year, AUD 13.2m in the third year, AUD 17m in the fourth year, and AUD 21.4m in the fifth year, he said."

 

Please read the full Mergermarket article via the link below.

To find out more about PictureWealth please click here.

Additional Documents

PictureWealth_Mergermarket article_7jun18