Centrepoint Alliance is to acquire client books of Cairns Wealth and Pinnacle Wealth in transactions valued at approximately $3m.
The agreements are expected to add approximately $1.5m in annual revenue and between $600,000 and $650,000 in earnings before interest and tax (EBIT) to the firm, as well as three advisers.
The transaction is expected to be completed by 1 July 2026, subject to the execution of associated documents and standard regulatory and operational transition processes, including the advisers joining Centrepoint. Both businesses operate within the Astute Financial Management network.
Centrepoint Alliance CEO John Shuttleworth said the acquisitions were aligned with the company’s capital deployment strategy, would further expand its salaried advice business, and strengthen its relationship with Astute, a referral and distribution partner.
“These acquisitions represent attractive strategic opportunities aligned with our disciplined capital deployment framework,” he said.
“Importantly, they strengthen our partnership with Astute, complete our Queensland regional footprint, and are expected to deliver high-quality, recurring earnings and immediate earnings contribution.”
The acquisition of Cairns Wealth will establish Centrepoint’s presence in all major regional centres across Queensland, while advisers from Pinnacle Wealth will be integrated into the company’s Brisbane office.
Cairns Wealth advisers will continue to operate from Astute premises in Cairns.
