ASX:CAF

2 stories mentioning ASX:CAFUpdated 1d ago

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Centrepoint Alliance Completes Acquisitions of Cairns Wealth, Pinnacle Wealth for AU$3 Million

Centrepoint Alliance (ASX:CAF) said it has completed the acquisitions of the client books and servicing employed advisers of Cairns Wealth and Pinnacle Wealth, with final settlement occurring on July 1, as per the scheduled completion date, according to a Thursday Australian bourse filing.The company said the aggregate purchase consideration was AU$3 million, with a final aggregate settlement amount of AU$2.9 million, net of annual leave and standard completion adjustments of AU$97,523 relating to three advisers who transferred to Centrepoint Alliance as part of the transaction.The company's shares rose past 1% in recent Thursday trade.

ASX:CAF

Asia32d ago

Centrepoint Alliance Acquires Two Astute Financial Network Practices for Around AU$3 Million

Centrepoint Alliance (ASX:CAF) entered into agreements to acquire the client books and servicing employed advisers of Cairns Wealth and Pinnacle Wealth, practices operating within the Astute Financial Management network, for AU$3 million in cash, according to a Monday Australian bourse filing.Cairns Wealth advisers will operate from the Astute premises in Cairns, Queensland, while Pinnacle Wealth advisers will be integrated into Centrepoint's Brisbane office.The completion of both deals is expected by July 1 and is subject to the execution of all associated documents as well as standard regulatory and operational transition processes.Centrepoint confirmed that National Australia Bank (ASX:NAB) approved a new acquisition facility of AU$10 million with a five-year term.

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