Key Discussion Points

February 2024

Prime acquires Altor Capital

Prime is excited to share that it entered into an agreement to acquire 100% ownership of Altor Capital Pty Ltd (Altor) and its controlled entities.

Over the last 6 years, Altor has built a funds management platform, covering distribution and administration, which allows a capability to launch new products in the alternative asset management space. Prime will look to leverage this capability and build out a diversified alternative asset management business enhancing our capability across Advice, Capital & Asset Management for our Business and Wealth segment clients.

Prime will acquire Altor’s two core existing fund strategies covering private equity and private credit.

The Altor team of 7 will be relocating to our Brisbane offices and we look forward to welcoming them to the team. Harley & Ben - the co-founders of the business will be joining the Prime leadership team.

Please find the full ASX announcement here and contact enquiry@primefinancial.com.au for any enquiries.

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Wealth Management - Advice, Client Service & Experience

Planning Opportunities ahead of the Stage 3 Tax Cuts

In response to the evolving landscape of Australia's economic policies, Prime Minister Anthony Albanese recently announced proposed amendments to the Stage Three Tax Cuts legislated to commence from 1 July 2024.

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Corporate Actions & Updates

As part of keeping you up to date on the communications that we are discussing with clients, please click below for the most recent notes.

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Prime acquires 100% ownership of Altor Capital Pty Ltd

Sell HYGG Buy MCGG

Sell JHX Buy RMD

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Accounting

R&D Tax Incentive Claimants: What will soon become public information

R&D expenditure claimed by an R&D entity will now be published two years after the end of each financial year. The first publication is proposed in September 2024 for the income year ending 30 June 2022.

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Protect Your Future: Why an Enduring Power of Attorney is Essential

We all recognise the need for a Will when we begin to plan for our future and the future of our loved ones. However, one crucial document is often overlooked, and that is the Enduring Power of Attorney (EPOA).

A unique and personal service approach to support all your business advisory and personal wealth management needs.

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