They will merge to create a ‘global leader in multi-boutique asset management’.
Deal involves an initial cash consideration of A$740,000.
They allegedly obtained A$2.5m by misleading investors
It is only interested in established advisers with a clean history.
The business has been spun out of AMP Capital.
The firms have been working in close partnership for more than a decade.
The firms also agree a superannuation funds merger.
The deal adds $267m in funds under management.
The Australian firms intends to develop its wealth and banking businesses.
It will focus on hubs in Malaysia, Singapore and Australia alongside its head office in Hong Kong.