Entrust Wealth Management

Entrust Private Wealth Management Pty Ltd became a substantial shareholder with a relevant interest of 4,302,986 ordinary shares (8.86%).

Entrust Private Wealth Management Pty Ltd became a substantial shareholder with a relevant interest of  3,208,851 ordinary shares (7.57%).

Entrust Private Wealth Management Ltd ceased to be a substantial shareholder.

Entrust Funds Management has called on Aspen Group to shed more light on its position in relation to a series of recommendations the group put to its shareholders earlier this week.

Entrust Funds Management has all but conceded defeat in its bid to roll the board of developer Aspen Group, after discussions with major institutional shareholders revealed a lack of support for the bid.

The fallout from Entrust Funds Management's failed bid to oust the board of property developer Aspen Group has continued, with director Seng Fai Chan resigning today.

Wealth Management group Entrust has bolstered its management ranks with the appointment of former Snap Group boss Grant Vernon as its new chief executive.

PERTH investment adviser Graeme Yukich reckons his industry is in for a major shake-up driven by new regulations, and has hired a chief executive he believes is the best man to seize the opportunity.

Entrust Private Wealth Management has announced a merger with Finovia, a Melbourne-based funds manager backed by the private investment arm of the Wyllie family.

FINANCIAL planning and investment group Entrust Private Wealth Management has parted ways with its chief executive, Grant Vernon, after backing away from expansion plans and, instead, deciding to consolidate the business.

Brokerage firm Euroz is expanding its funds management offering, with the acquisition of Perth-based Entrust Private Wealth Management for around $7.8 million.

Euroz has announced its second expansion move in the funds management sector in the space of a week, with the launch of a partnership with Melbourne-based Flinders Investment Partners.

Perth-based NWQ Capital Management has been selected by Yellow Brick Road to manage a new protected equities fund that it will seek to operate as a ‘hedge fund for retail investors’.

A difficult 2015 financial year for the Western Australian economy has flowed through to a soft performance for the state’s listed money managers, according to BNiQ research, with the biggest player considering a restructure to diversify its income sources.