Ord Minnett to acquire EL & C Baillieu.

Ord Minnett, a privately owned Australian wealth management group, agreed to acquire EL & C Baillieu, a stockbroking and wealth management firm. Financial terms were not disclosed. "There are many similarities between our two businesses including our values, tradition, heritage and history of wealth management expertise and experience. Ord Minnett has an outstanding reputation and a strong focus on building long-term client relationships based on trust. This opportunity capitalises on the strengths and capabilities of both businesses to provide ‘best-in-class’, comprehensive investment and wealth management services to enable our clients to achieve their financial goals," EL & C Baillieu.