Aviva Australia has taken up a stake in Melbourne-based dealer group, Meritum Financial Group.
Aviva chief executive Allan Griffith said acquisition of the stake was consistent with the company’s strategy of taking up stakes in successful dealer groups.
Meritum has around $2.6 billion in funds under advice and more than 80 advisers.
According to Meritum director Brian Dau, the Aviva investment will allow the dealer group to move to the next level and achieve the strategic objective of a salaried adviser force.
