Family Owned or
Corporate Owned ?

Choosing a Funeral Director

One of the main considerations families look for when it comes to choosing a Funeral Director to care for their loved one is who owns the funeral company. Today most funeral companies are either owned by local families or by an International Company called Invocare.

Family Ownership
Family-owned funeral homes are often locally owned and operated, independent funeral homes. Many families have been in funeral service for generations, some over 100 years. They have a personal relationship with the community and are actively involved in the communities they serve.

They strive to offer the highest quality of service to their families. They are sensitive to the needs of the community in which they live and serve, and customer trust is built slowly over time. They view their reputation as their most valuable asset.

Everything family owned funeral homes do reflects their on-going commitment to provide affordable, quality services to the community, unlike corporations who are focused on keeping their share price elevated by achieving the highest possible return for a large group of shareholders.

Who Owns Invocare
Invocare is a large International Corporation majority owned by banks and Investment Companies
Invocare’s  2010 Company Report shows their 4 largest shareholders (Listed below) hold 47.36% of the issued Ordinary shares.

1. J P Morgan Nominees Australia Limited
A wholly owned subsidiary of the large American Bank JPMorgan Chase & Co. who is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries.

2. National Nominees Limited
It is a wholly owned subsidiary of the National Australia Bank Limited, one of Australia’s largest banks.

3. HSBC Custody Nominees (Australia) Limited
It is a wholly owned subsidiary of HSBC Holdings Plc. Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world.

4. Citicorp Nominees Pty Limited
It is a wholly owned subsidiary of the American owned Citi Group Inc.  Citi Group Inc has the largest financial network in the world. You may know it as Citibank.