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Rainmaker Group Completes Acquisition of Money Magazine - Rainmaker Group
21 Mar 2019 2:55 PM
Financial services information publishing company Rainmaker
Group announced today that it has completed its transaction with Bauer Media to acquire Money magazine.
Following the purchase, Money magazine will become Rainmaker’s key consumer title under its
media division, Financial Standard.
It currently publishes five B2B titles, including its flagship newspaper, and
three B2C titles: The Good Super Guide, The Good Investment Guide and The Good Economics Guide.
“This is our first major acquisition since our media
division, Financial Standard, was
established in 2003. While we have steadily built our business in trade media,
this acquisition meets our longer-term objective of growing our consumer media
platform,” said Christopher Page, founder and group managing director of
Rainmaker.
Following the deal, Rainmaker Group has announced
new leadership roles:
- Michelle Baltazar, executive
director of media at Financial
Standard, will assume the role of editor-in-chief.
- Darren Snyder,
editor of Financial Standard,
will move to the role of managing editor of Money.
- Jamie Williamson,
associate editor of Financial Standard’s magazine FS Advice – The Australian Journal of Financial Planning, will
move to the role of editor at Financial
Standard.
Money editor Effie
Zahos and deputy editor Maria Bekiaris will provide Rainmaker Group and Financial Standard
with their editorial services to assist with the transition. However, they have
chosen not to continue past the transition period.
“We hold Effie and Maria in high
regard and wish them well in their future endeavours. Effie’s strong leadership and editorship has enabled Money to
boast the loyal reader following that it has today,” said Page.
The Money team, namely Ann Loveday (art
director), Sharyn McCowen (online content producer), Bob Christensen (senior sub-editor),
Debra Duncan (senior sub-editor) and Simon Park (brand manager) will move
across to Rainmaker’s offices, effective 25 March 2019.
Award-winning finance author and
financial literacy advocate Paul Clitheroe AM will continue in his role as Money’s
chairman and chief commentator.
“We’re excited to work with an incredibly talented
and passionate group of people. They have built a solid foundation from which
we can further grow Money’s reputation as the leading source of personal
finance news and expert advice,” said Baltazar.
Established in 1999, Money is Australia’s longest running and most-read personal finance
magazine.
For media interviews, please contact:
Julian Clarkstone
[email protected]
Ph. 02 8234 7514
About Financial Standard
Financial Standard is the publishing division of
Rainmaker Group. Financial Standard is focused on providing trade news and
investment analysis for professionals in superannuation, financial planning and
wealth management.
Established in 2003, Financial Standard
also publishes FS
Advice - The Australian Journal of Financial Planning; FS Super – The Journal
of Superannuation Management; FS Private Wealth – The Journal of Family Office
Investment; FS Managed Accounts – The Journal for Managed Account
Professionals.
It also publishes three B2C titles: The Good Super Guide, The Good Investment Guide and The Good Economics Guide.
For
more information visit www.financialstandard.com.au
About Rainmaker Group
The Rainmaker Group was founded in 1992
and has established a reputation as a leading financial services information
company in Australia providing market intelligence, industry research, media
and publishing, events and consulting services.
Rainmaker produces strategic, tactical,
and analytical information about the financial services industry predominantly
for superannuation funds, investment managers financial planners and consumers.
The Rainmaker Group comprises: Rainmaker
Information, Financial Standard, FS Aspire CPD, SelectingSuper, SelectAdviser and SuperGuard360.