Infocus announces key transaction
Infocus Wealth Management has joined the list of financial advice licensees growing their businesses through transactions.
The Queensland-based business said that it had entered into a series of transactions with one of its leading Queenslad practices, Wealth Connexion.
The transactions see Infocus take a significant equity position in Wealth Connexion which will, in turn, acquire a number of retail practices formerly held by Infocus.
Infocus managing director and founder, Darren Steinhardt said it represented the first of several significant similar moves by Infocus.
He said Infocus would target partnership opportunities with those advisers wanting to grow their footprint,. Matching them with peers who are either looking to prepare an exit to retirement or those in their fledgling stage.
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