A $3.5 billion fund manager and investment adviser has entered administration, with Ferrier Hodgson appointed administrator.
According to an ASIC insolvency notice, Oakvale Capital Limited – which operates its own AFSL and trades under the name Oakvale Treasury – entered administration on 23 July with the first meeting of creditors held today.
The Oakvale Treasury website explains that the company offers a range of risk advisory and fund management services to a “diverse range of corporate, financial and government institutions” and has approximately $3.5 billion in funds under advisory management.
The company holds Australian Financial Services Licence no. 229842.
More to come.
Six AMP companies have been sued by ASIC for alleged charged fees for no service on corporate superannuation accounts. ...
New research has found that the proportion of financial planners who recommend managed accounts has doubled in the last five years. ...
The livelihoods of Australian financial planners and consumers are on the line unless regulation within the sector is addressed, according to an indus...
Get notifications in real time and stay up to date with content that matters to you.
