Centrepoint acquires Cairns Wealth, Pinnacle Wealth

Mike Taylor

Managing Editor and Publisher

2 June 2026

Centrepoint Alliance has broadened its Queensland advice footprint via the acquisition of Cairns Wealth and Pinnacle Wealth.

The company announced to the Australian Securities Exchange (ASX) that it had entered into agreements to acquire the client books of the two businesses, “further expanding its salaried advice business and supporting the growth of high-quality, recurring earnings”.

The transaction is valued at $4.5 million, made up of $3 million cash and $1.5 million revenue.

The announcement said both practices operate within the Astute Financial Management Pty Ltd network and claimed the transactions would further strengthen Centrepoint’s strategic B2B alliance with Astute.

It described the Astute relationship as being with a key referral and distribution partner.

The ASX announcement the acquisitions will reinforce Centrepoint’s disciplined capital deployment framework, targeting high-quality, recurring earnings streams, aligned operating models and strong adviser retention characteristics.

Outlining the strategic rationale for the transaction, Centrepoint pointed to the acquisitions being underpinned by established recurring earnings and current adviser productivity, with retention structures designed to support continuing earnings.

Centrepoint said the acquisitions were expected to be earnings accretive by FY27.

Commenting on the transaction, Centrepoint chief executive, John Shuttleworth said they represented attractive strategic opportunities.