Centrepoint acquires Brighter Super advice | Australian Markets
Centrepoint Alliance has moved to amass the great advice review e-book owned by Brighter Super wholly-owned business, ESI Financial Services.
Centrepoint introduced to the Australian Securities Exchange (ASX) that the strategic acquisition would improve the company’s capacity to offer high high quality financial advice to a broader consumer base.
It mentioned Brighter Super had recognised the need to scale its advice offering to offer more complete advice to members and that Centrepoint had been chosen as its most popular accomplice.
The acquisition consists of up to 400 prospects that may probably transition, which in complete generate annual $1 million in annual income.
The announcement mentioned that Centrepoint’s wholly-owned subsidiary, Financial Advice Matters, had been chosen to offer complete advice companies to Brighter Super members who require more complicated, personalised help.
“The transaction is structured to ensure that only current review customers who agree to transition to FAM by 16 May will be included in the purchase price,” it mentioned.
The buy relies on a a number of of 1.25 occasions income that’s transitioned.
Centrepoint will offer employed to an agreed quantity of Brighter Super financial advisers by means of novated employed agreements, relying on the shoppers who transition.
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