IFL insignia financial ltd

Ann: IOOF divests its holding in Ord Minnett, page-12

  1. 5,633 Posts.
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    Sure do. Granted I did close some of it after it didn't break down below $2 initially as it was a fair bit of my portfolio.

    I cant believe people are still saying they didn't get a good price for the insurance business. It was 'cheap' for a reason, just like most of the business.

    I don't think IFL will want to poach most of the advisers. More clients circulating can never be a bad thing though as long as advisers dont pay a stupid multiple for them (as most advisers did when buying the book from AMP in the first place trying to fall back on BOLR).
 
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