Centrepoint to acquire Clearview’s advice business
Clearview has entered into a share purchase agreement for the sale of its financial advice business to Centrepoint Alliance for $15.2 million made up of $3.2 million in cash and the acquisition of a strategic 25% stake in Centrepoint.
“The Centrepoint Alliance deal allows ClearView to indirectly participate in the financial advice industry consolidation (given structural market changes) and at the same time separate its product manufacturer and financial advice arms,” ClearView said.
“The acquisition will enable the group to realise strategic value and synergies between the two businesses,” Centrepoint said.
AUTHOR
Chris Dastoor
Recommended for you
With an advice M&A deal taking around six months to enact, two experts have shared their tips on how buyers and sellers can avoid “deal fatigue” and prevent potential deals from collapsing.
Several financial advisers have been shortlisted in the ninth annual Women in Finance Awards 2025, to be held on 14 November.
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
