{"id":57330,"date":"2021-08-31T14:21:51","date_gmt":"2021-08-31T04:21:51","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=57330"},"modified":"2021-08-31T14:21:51","modified_gmt":"2021-08-31T04:21:51","slug":"centrepoint-alliance-to-acquire-clearview-advice-businesses","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2021\/08\/31\/centrepoint-alliance-to-acquire-clearview-advice-businesses\/","title":{"rendered":"Centrepoint Alliance to Acquire ClearView Advice Businesses"},"content":{"rendered":"

Centrepoint Alliance has agreed to purchase the financial advice businesses of ClearView Wealth for $15.2 million.<\/p>\n

The company says in a statement that the financial advice businesses of ClearView include\u00a0 ClearView Financial Advice, Matrix Planning Solutions and LaVista Licensee Solutions.<\/p>\n

It says the purchase will be financed by the issue of $12 million in escrowed Centrepoint Alliance shares and a cash consideration of $3.2 million.<\/p>\n

As a result, ClearView Wealth will become a 25 percent shareholder in Centrepoint Alliance.<\/p>\n

\"\"<\/a>
John Shuttleworth.<\/figcaption><\/figure>\n

John Shuttleworth<\/strong>, Centrepoint Alliance CEO, says this transaction \u201c\u2026represents the next phase of Centrepoint Alliance\u2019s growth by providing immediate scale and will increase the business\u2019 long-term value and profitability.\u201d<\/p>\n

In announcing its full year results the company says despite a challenging year for the advice industry, which saw overall adviser numbers decline further, the group had continued boost its member base.<\/p>\n

It highlighted strong growth during FY21, including a net profit after tax of $1.8m, six percent growth in gross revenue and an adviser base of 315 authorised representatives.<\/p>\n

The company says self-licensed firms increased by 16, including three new wholesale contracts, taking the total number to 149. It notes that an additional 23 existing firms were transitioned to a new fee for service offer.<\/p>\n","protected":false},"excerpt":{"rendered":"

Centrepoint Alliance has agreed to purchase the financial advice businesses of ClearView Wealth for $15.2 million. The company says in a statement that the financial advice businesses of ClearView include\u00a0 ClearView Financial Advice, Matrix Planning Solutions and LaVista Licensee Solutions. It says the purchase will be financed by the issue of $12 million in escrowed […]<\/p>\n","protected":false},"author":24,"featured_media":57345,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-57330","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dealer-groups"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/57330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=57330"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/57330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/57345"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=57330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=57330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=57330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}