The $670 million acquisition of Shadforth Financial Group (SFG) by IOOF could be one of the last major deals in the round of consolidation that has swept Australia’s financial planning sector in recent years. “SFW [SFG Australia] is the last-standing quality asset in the wealth market, in our view,” according to analysis from Morgan Stanley.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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