IOOF (company)
IOOF Holdings Limited is an Australian financial services company which offers a range of products and services including financial advice, superannuation, investment management and trustee services. It was founded in 1846 as the Victorian branch of an international friendly society, and has its origins in the provision of sickness and funeral benefits prior to the widespread availability of government-funded welfare services.
Since demutualising in 2002 and listing on the ASX in 2003, IOOF has completed a number of mergers and acquisitions creating a significant financial services entity with more than $100 billion in funds under management, administration, advice and supervision and over 700,000 customers.
History of IOOF
IOOF Holdings Limited originated in Melbourne in 1846 as the Victoria Grand Lodge of the Independent Order of Odd Fellows, a international friendly society. By the late 1980s, the various Australian Grand Lodges of the Independent Order of Odd Fellows combined were the largest friendly society in Australia, with approximately 200,000 members.