[Weekly Wrap] Ownership changes in the spotlight
A couple of items this week pick up on the theme. One is an interview Good Returns did with MFS ceo Jason Maywald about his firm’s current buying spree.
A comment many people have made to us here at Good Returns is that advisers are getting inflated ideas about the value of their practices following MFS’s $52 million purchase of Vestar. Maywald makes it clear that there is more to this deal than just funds under management and price. The formula used for Northplan is not necessarily the one used for other firms.
Sticking with this theme Phil’s Blog discusses this further. While the Blog is called Advisers and Shoemakers, it could equally have been titled A load of cobblers for advisers.
 |
Advisers and shoemakers One of the things which has been fascinating to watch over the past couple of years is the effort fund managers and the like have put into trying to buy up distribution. [more]
Want to read the full article?
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site. You will also be able to comment on articles on Good Returns.
Latest News
5 min read
5 min read
|
![[Weekly Wrap] Research shows KiwiSaver is a key issue in the election; GRTV Special looks at what's on offer.](https://goodreturns.publit.io/file/c_fill,w_300,h_200/36b7de93-7b53-4a06-855a-4a8f4009a280.webp)
