DMA, a world chief in all-in-one software program options for monetary advisers and wealth managers, has entered into an settlement to amass a majority stake in multi-asset investing specialist Saxo Australia because it launches its providing within the Australian market.
As a part of the change in shareholding, Saxo Australia will proceed to leverage Saxo Financial institution’s platform and buying and selling know-how, serving to to make sure enterprise continuity and minimal disruption for shoppers.
The transaction is anticipated to shut within the second half of 2025.
Retail excellence and a world-class adviser providing, facet by facet
The change in shareholding means Saxo Australia’s huge funding product vary, high-touch service and aggressive brokerage will likely be complemented and strengthened by DMA’s business-to-business knowhow, world-class adviser providing, and observe file of progress.
As soon as launched, DMA’s proprietary software program as a service (SaaS) will allow Australian institutional buyers—reminiscent of monetary advisers and asset and fund managers—to seamlessly join entrance, center and back-office features beneath a single resolution, from clearing and settlement to execution and custody.
It will assist monetary providers companies to scale back back-office price and complexity, improve their client-facing service, and sustainably develop their enterprise.
Greater than 160 wealth managers and adviser networks throughout Africa, Europe, and the UK presently use DMA to entry world markets, all from a single platform.
“We consider DMA’s platform providing will convey tangible advantages to Australian monetary advisers and wealth managers, whereas the enterprise will proceed to give attention to delivering high-touch, high-quality service for self-directed retail shoppers,” DMA Chief Govt Officer Richard North mentioned. “It’ll be the most effective of Saxo and the most effective of DMA—and we expect that provides as much as {the marketplace}’s most suitable option for buyers throughout your complete lifecycle.”
A easy transition for current Saxo Australia shoppers
Present self-directed retail shoppers of Saxo Australia, in the meantime, can proceed to benefit from the award-winning buying and selling platform they know and love.
That is made doable by the flexibleness of Saxo Financial institution’s open utility programming interface (API) resolution, which offers a totally outsourced brokerage enterprise mannequin and manages all facets of commerce order administration, execution, settlement, and post-trade operations.
Saxo Financial institution’s open platform structure additionally means DMA can simply construct further interfaces, digital providers, and buying and selling experiences for Australian shoppers.
“With this settlement with DMA, Saxo Financial institution leverages its core energy—offering a scalable and multi-asset buying and selling infrastructure with our award-winning platforms,” Saxo Financial institution CEO and Founder Kim Fournais mentioned. “We couldn’t be extra happy to associate with DMA as we search to capitalise on the massive alternative within the Australian market and totally leverage this win-win resolution to get extra curious individuals invested in Australia.”
The brand new title and model of the enterprise will likely be established following a transitional interval, throughout which the enterprise will proceed to function as Saxo Australia.
The enterprise can even retain Saxo Australia’s employees, beneath the management of CEO Adam Smith, whereas seeking to bolster its Australia-based consumer service capability.
“We’ll guarantee a easy transition and goal to boost the choices and providers supplied,” Smith mentioned. “The shoppers of Saxo Australia will discover no disruption in service, product vary, or platform entry. We’re very happy to associate up with DMA and consider that this will likely be a sport changer for Australian shoppers.”
Via the change in shareholding, the Johannesburg-headquartered DMA will assume (topic to regulatory approvals) 80.1% possession of the Australian enterprise, whereas Saxo Financial institution will retain a 19.9% fairness stake.