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.
Will APRA be meeting the super fund executives to discuss this matter over dinner, followed by drinks at a nearby…
So, given the vast majority of Australians bank with one of only four retail banks, which BTW represent nthe greatest…
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Why do I get the feeling this will drag on and on for years and go in a big circle…
Perhaps if Jayaweera got himself a job within Treasury helping them persecute thousands of innocent advisers, he would have escaped…