ClearView Wealth Limited has announced it will issue 1.3 million company shares to advisers that have recently joined its dealer group.
The ClearView Executive Share Plan is available to selected members of the ClearView dealer group as well as senior company executives. Participants in the Plan are issued with shares in the broader ClearView Wealth Limited group, which includes the life insurance and wealth management businesses as well as ClearView’s advice arm.
Since 1 January 2012, ClearView says it has issued a total of 3.8 million shares to advisers who have signed-on with the group, with a total of up to 4% of ClearView’s share capital being allocated to eligible advisers.
Managing Director of ClearView, Simon Swanson, said the offer was designed to generate an “alignment of interest” between advisers and the broader group.
“So far we’re very happy with the results,” Mr Swanson said.
News of the share package offer follows ClearView’s recent announcement that it is actively targeting the independent advice market (see: ClearView Seeks to Grow IFA Footprint).
