History of IOOF
IOOF originated in Melbourne in 1846 as a friendly society called the Independent Order of Odd Fellows. By the late 1980s, IOOF was the largest friendly society in Australia, with approximately 200,000 members.
IOOF demutualised in 2002, and acquired Sydney-based financial services company AM Corporation prior to listing on the Australian Stock Exchange (ASX) in 2003. In late 2006, IOOF acquired the remaining equity in Perennial Investment Partners Limited (PIPL), thereby strengthening its foothold in the funds management industry.
In 2009, IOOF Holdings Limited acquired both the Australian Skandia operations and Australian Wealth Management Limited.
In 2011, IOOF acquired the remaining shares in the financial planning business, DKN Financial Group that it did not already own. Then in 2012, Plan B Holdings Limited, a wealth management advisory firm joined the group.
In 2014, IOOF acquired SFG Australia, a financial advice and end-to-end wealth management firm.
History of Australian Wealth Management
Australian Wealth Management was formed in July 2003 as a division within the TOWER Group, an Australian and New Zealand financial services company. The new division was comprised of a number of TOWER-owned businesses, which had been operating independently in the wealth management industry.
In February 2005, the integrated wealth management division formally separated from the TOWER Group and listed on the Australian Stock Exchange as Australian Wealth Management Limited.
In January 2006, Australian Wealth Management merged with Select Managed Funds, itself a financial advice, platform administration and investment management business that started in 1981 in Tasmania.
In June 2008, Australian Wealth Management acquired 70% of wealth management firm, Ord Minnett Limited.
In April 2009, Australian Wealth Management was acquired by IOOF Holdings Limited.
History of our other well-known brands
History of Australian Executor Trustees
Established in 1880, Australian Executor Trustees (formerly TOWER Trust) has been providing specialist estate and trustee services to Australians for over 130 years.
Over the years, a number of mergers and amalgamations have expanded the services the company offers. Today, it operates three business divisions: Private Client Services, Superannuation and Corporate Trust.
History of Bridges Financial Services
Bridges was established in 1985 and initially focused on the provision of stockbroking and financial planning services. Since then it has built strong relationships with a number of key partners, including more than 100 credit unions, building societies, professional organisations, and referral partners such as accountants and solicitors.
Bridges (and its related entities) now operate financial planning and stockbroking businesses, offers a master trust called The Portfolio Service, and provide investment research and asset management services for their key partners.
History of Ord Minnett
Ord Minnett has a long and proud position within the history of the Australian financial services industry and dates back to 1872 via the founding stockbroking firm of T.J. Thompson & Sons which was established in the second year of the Sydney Stock Exchange.
With the deregulation of Australian financial markets in 1984, the business, which had operated as a partnership until that time, incorporated and changed its name to the Ord Minnett Group Limited.
After a number of ownership changes, including the purchase of what was then Jardine Fleming Ord Minnett Pty Limited by J.P. Morgan Holdings Australia Limited, and the acquisition of Dicksons Limited in 2002, Ord Minnett is now 30% owned by J.P. Morgan and 70% owned by IOOF Holdings Limited.
History of Consultum Financial Advisers
Consultum was born from the merger of two leading Australian financial planning groups - Winchcombe Carson Financial Planning and Financial Partnership. Established in 1979, Winchcombe Carson was one of Australia's pioneering financial planning groups. Launched in 2002, Financial Partnership was one of Australia's first lifestyle financial planning groups seeking strong ongoing relationships with their clients throughout every life-stage. In 2006, these two professional, established groups combined to form Consultum, giving them the experience, strength and commitment to be a dynamic force in the Australian financial advice market.
History of Lonsdale Financial Group
Founded in 1985 as one of the first full service dealer groups, Lonsdale has grown to a network of over 120 wealth management practices. With its roots firmly in the accounting sector, Lonsdale works closely with each of its Associates to maximise the potential of their individual businesses and position them for the future.
History of SFG Australia
SFG Australia Limited was formerly known as Snowball Group Limited.
Snowball was formed in 1999 and shortly thereafter acquired a financial planning business and an established accounting practice. In December 2001, Snowball listed on the ASX through a reverse takeover of Fleet Capital Limited. Post listing, Snowball grew both organically and through acquisitions, acquiring various financial advice, wealth management and associated accounting businesses, including the Western Pacific dealer group, Officium Capital and the Western Pacific practice based in Cleveland, Queensland.
On 26 June 2011, Snowball merged with Shadforth Financial Group Holdings Limited, a preeminent national financial advice group, that has its foundation in a boutique stockbroking firm in Hobart, Tasmania. Shadforth Financial Group (Shadforth) was established in April 2008 through the merger of 14 independently owned wealth management and advisory firms located in major centres throughout Australia.