Financial services group buys 35% stake in Aussie wealth firm
Deal involves an initial cash consideration of A$740,000
Deal involves an initial cash consideration of A$740,000
Partnership will ‘give us an even stronger voice in what continue to be challenging times for advisers’
Deal could take up to a year to complete
They allegedly obtained A$2.5m by misleading investors
It misled clients about property investment returns
After breaching regulatory ban
As the acquirer looks to bolster its operation in the country
It is ‘only interested in established advisers with a clean history’
Combined operation will have A$84.7bn in AuM
The firms have been working together for more than a decade
Firms also agree a superannuation funds merger
Deal adds A$380m in funds under management