Bell and Tricom acquisition talks cease
Bell Financial Group announced to the Australian Securities Exchange today that negotiations in relation to the acquisition of Tricom Group have ceased.
The announcement comes after a conditional Heads of Agreement for the 100 per cent acquisition of troubled broking house Tricom lapsed on March 7.
The agreement was signed on February 19 and subject to a number of conditions, including satisfactory completion of due diligence prior to March 7.
At the time, Bell’s announcement said that discussions were continuing with a view to reaching an agreement.
Bell Financial Group declined to comment on the issue at the time and Tricom officials were not immediately available for comment.
Recommended for you
A strong demand for core fixed income solutions has seen the Betashares Australian Composite Bond ETF surpass $1 billion in funds under management, driven by both advisers and investors.
As the end of the year approaches, two listed advice licensees have seen significant year-on-year improvement in their share price with only one firm reporting a loss since the start of 2025.
Having departed Magellan after more than 18 years, its former head of investment Gerald Stack has been appointed as chief executive of MFF Group.
With scalability becoming increasingly important for advice firms, a specialist consultant says organisational structure and strategic planning can be the biggest hurdles for those chasing growth.
