WT Financial flags ‘corporate acquisition’
![Mergers and acquisitions](https://financialnewswire.com.au/wp-content/uploads/Shutterstock_2239339587.jpg)
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.
Of course, can’t expect APRA or ASIC to actually really do anything against Industry / Union / Bikkie Super Funds.…
It's quite easy to charge way less than this and remain profitable and compliant. If clients have simple requirements then…
That average fee looks fine. I only asked because I have seen examples (not in the main) of advisers charging…
I struggle to understand this concept at all as these clients have choice and they don't deserve to be discarded…
I'd start by looking at your target profit margin, what your profit is now and what you need to charge…