Perpetual Limited (Perpetual) is a financial services company. It operates in three divisions. Perpetual Investments is engaged in the management and investment of monies on behalf of private, corporate, superannuation and institutional clients. Perpetual Private Wealth provides a range of investment and non-investment products and services. These include advisory service, portfolio management, philanthropic, executorial and trustee services to high net worth and emerging high net worth Australians. The Corporate Trust division provides fiduciary services incorporating safe-keeping and recording of assets and transactions as custodian, trustees, registrar or agent for corporate and financial services clients and mortgage processing services. During the fiscal year ended June 30, 2008, Perpetual acquired the National Lending Solutions Pty Limited and Argosy Wealth Consultants Pty Limited. On July 21, 2008, it sold of its infrastructure funds business to Palisade Investment Partners.