Unique Australian Stockbroking Heritage

We are proud of our Australian corporate history. A culture of service excellence means we have grown to become a leading wealth management group incorporating full-service stockbroking, financial planning, funds management and portfolio services. We are a trusted and respected Australian stock broker and financial market icon and today we manage over $35 Billion in Funds Under Advice.

 

Ord Minnett has been a part of the Australian stockbroking industry since the 1800s. In fact, one of our founding firms T J Thompson & Sons held a seat on the Sydney Stock Exchange in 1872, the year after the exchange was first established.

Charles Ord & Jack Minnett

The Ord Minnett brand we know today resulted from the strategic vision of Charles Ord and the entrepreneurial flair of Jack Minnett, who served together in World War II. Their determination and commercial foresight saw the amalgamation of three long-standing respected Australian firms merge including T J Thompson & Sons, A W Harvey, Lowe & Company and Charles A Ord & Minnett to create a thriving, respected stockbroking and investment business referred to today as “Ords”. Ord Minnett is very proud of this unique Australian heritage and the values of our founding companies, and today is a Principal Member of the Stockbrokers Association of Australia.

Current Ownership Structure

Our ownership structure is changing, providing new opportunities for growth.

On June 27, an ASX announcement detailed IOOF’s planned divestment of its 70 per cent shareholding in Ord Minnett to a consortium of Australian private investors. The consortium will also acquire J.P. Morgan’s 30 per cent stake, enabling it to take full ownership of the Ord Minnett business.

 

The domestic consortium is being led by Karl Morris, Ord Minnett Executive Chairman, who committed to achieving the best outcome for staff, clients and the Ord Minnett business. Over the coming months, the consortium intends to enhance the investor pool with parties aligned with our business values and desire for future growth, including staff participation.

 

Ord Minnett’s longstanding arrangements with J.P. Morgan to access research and Australian capital raisings in the form of IPOs, placements and other corporate originations will remain in place to ensure Ord Minnett clients and key business areas maintain a competitive advantage.

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