Ord Minnett Acquires EL&C Baillieu

November 06, 2020 04:16 PM AEDT
Team Kalkine

Australia’s most revered capital management companies EL&C Baillieu and Ord Minnett have joined forces as the latter has confirmed buying the EL&C.

Currently, headquartered in Melbourne, Baillieu started its operations in 1889 as a partnership firm and today boasts of nine offices across Australia. The firm delivers stockbroking and wealth management services across private wealth, commercial business, functional equities and philanthropy.

Ord Minnett was founded in 1951 and has grown to become a leading wealth management group providing complete stockbroking, economic planning, funds management and portfolio management services. It claims to manage more than $35 billion in funds under advice.

Karl Morris, Ords CEO, on the merger, said that EL&C Balillieu’s combination of attributes like brand history, heritage, private stockbroking business, advisor network, its clientele and operational collaborations shall further bolster Ords’s respect in the industry.

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