Centrepoint complete ClearView acquisition
The transaction which sees the ClearView Financial Advice business become part of Centrepoint Alliance is complete.
Centrepoint announced to the Australian Securities Exchange (ASX) yesterday that it had completed the acquisition of the ClearView advice business – something which will see ClearView holding a 25% stake in Centrepoint.
The transaction sees 281 advisers joining the Centrepoint network, with the company stating that it created a powerful combination of intellectual property, sklills, experience and balance sheet access.
Commenting on the completion of the transaction, Centrepoint Alliance chief executive, John Shuttleworth said the combined group had more than 1300 licensed and self-licensed advisers across Australia.
Shuttleworth said the company had finalised the operating model and organisational structure and that from today all employees would be collocated in the Centrepoint Alliance offices.
Jonsey & ALP totally screwed Advisers leaving MIS out of CSLR. Canberra collectively have blamed Advisers for 25 years for…
Yep would seem APRA have not heard of a Cashout and Recontribution strategy ??????????
Is it not a cost of completing the transaction? Why should it be removed from any analysis, applicable govt charges…
Misleading figures. We’d have millions and millions removed in our client base with LS. Almost 100% came straight back in…
Financial planners, you know exactly what will happen next. Get your wallets out- Cslr bill coming your way!