Countplus, a wholly owned subsidiary of Count Financial, has announced the acquisition of dealer group Total Financial Solutions (TFSA).
This acquisition adds a complementary element to the Countplus financial planning business, given TFSA is largely a risk-focused dealer group.
… one of the benefits of the acquisition includes a life insurance referral agreement
According to the release announcing the acquisition, ‘… one of the benefits of the acquisition includes a life insurance referral agreement to provide specialist advice to clients of Count’s network of approx 750 advisers.’
Countplus believes this referral agreement to provide specialist risk advice for clients of Count advisers, together with the Australian underinsurance factor, should assist TFSA in its future growth objectives.
TFSA has confirmed that its CEO, Phillip Aris, will be the CEO of the new firm and that all current staff have been transferred to the new group in their current positions.
The dealer will be independently managed and have its own Board of Directors.
TFSA has 70 plus authorised representatives located across Australia, has around $1 billion in funds under management, and brings with it arrangements with platform provider, Oasis.
