WT Financial flags ‘corporate acquisition’
After last week’s flurry of financial planning mergers and acquisitions activity, WT Financial Group has entered a trading halt pending an announcement regarding a “corporate acquisition”.
The company which acquired Synchron and Sentry announced the trading halt on the Australian Securities Exchange (ASX) late on Monday morning asking that it remain in palce until the commencement of normal trade on Wednesday.
The company markets itself as being “amongst the very largest of financial adviser networks in Australia – with a network of more than 400 advice practices collectively dealing with more than 100,000 clients – and having in excess of $16 billion of assets under advice; annual in-force personal insurance premiums of more than $360M; and new insurance premium sales for circa $25M annually”.
The company’s annual general meeting is scheduled for Friday.
Mr Molino was never the member for Fraser in the ACT. The seat was renamed Fenner for the 2016 election…
Govts disastrous failures. 20 years of morons in Canberra and look at the results. Housing & Fin Advice two very…
The PHD in economics is the scariest. How many academics actually understand the real world
Money is leaving at a slower rate with this being considered by AMP management as a positive. Australia's Money Pit…
"Our recently launched digital advice solution for AMP Super members is providing simple, intuitive retirement advice at no extra cost.”…