4 October 2011 00:12

IOOF Holdings Ltd. says the acquisition of DKN Financial Group Ltd. will bolster the number of its financial advisers by a third to about 1000 and will add $18 billion to its funds under management.

“It has been our long-standing strategy to increase the number of our advisers,” says Melinda Hofman, an IOOF spokesman.

IOOF currently has about 650 financial advisers. It manages $106.2 billion. The DKN takeover will close on October 17.

IOOF is paying 80 cents a share for DKN, or about $94.1 million for the 82 per cent of DKN it does not already own. The acquisition will be financed by a mix of cash and debt.

dependencies, unfilled, succession, “the, strategy, current, participation, services;, intent, treloar, burstall, input

Rest Super’s selective approach to PE pays off as program comes of age

CFS CIO warns on AI ecosystem’s tangled capital web

How Jonathan Armitage is building portfolios for more ‘violent’ markets

ART CIO says balance sheet management will reshape super investing

Robeco CIO says AI winners and losers will be decided within a year

Rest Super’s selective approach to PE pays off as program comes of age

Rest Super has built its private equity program around a deliberately selective approach to manager and deal selection, favouring a concentrated roster of external partners and proactively seeking out top PE firms rather than waiting for them to come knocking. Head of private markets Marina Pasika unpacks the program’s coming of age and what powered an asset class return more than double the peer average in the last financial year.

Darcy Song

August 07, 2026