Centrepoint acquires Enzumo
Publicly-listed financial services group, Centrepoint Alliance is to acquire financial planning software provider, Enzumo for $1.5 million in cash.
Centrepoint announced the transaction to the Australian Securities Exchange (ASX) today stating that acquiring Enzumo represented the latest step in Centrepoint’s strategic refresh and would accelerate the company’s development of a scalable, recurring fee-based revenue model.
Enzumo is currently owned by Chant West Holdings.
The company announcement to the Australian Securities Exchange (ASX) said Enzumo’s offerings were highly complementary to Centrepoint Alliance’s advice services business, bringing a new and highly valued extension to the company’s offering to financial advisers.
Recommended for you
ETF provider VanEck has announced its intention to launch a uranium and energy solution as global political agendas point to expansion in this sector.
PIMCO has announced the launch of a new active fixed-income ETF, marking its fifth active solution on the Australian market after the launch of four ETFs earlier in the year.
With the Australian advice market being a target for US private equity firms, a US advice commentator has shared lessons from his overseas experience, and why PE may be less attractive than initially expected.
Financial advisers are reminded to ensure their CPD is up to date with the Financial Services and Credit Panel making its second determination in a week after an adviser failed to meet the requirements.
