Centrepoint acquires RFE Group


Non-aligned financial services provider, Centrepoint Alliance, has acquired a strategic interest in RFE Group to further support the growth of professional advice firms.
Commenting on the acquisition, Centrepoint's managing director, John de Zwart said RFE had a strong team and a proven business model.
"By partnering with the financial and other resources of Centrepoint, we jointly felt we could accelerate growth," de Zwart said.
"Centrepoint sees a very exciting future for professional advice firms and we are prepared to support and invest in businesses seeking to grow."
RFE's business focuses on supporting accountants and mortgage brokers in providing wealth advice to their clients.
RFE chief executive, Peter Rheinberger, said: "We have a strong cultural alignment and logically they [Centrepoint] had the resources and appetite we needed to execute on our strategy".
"We have some big goals and the RFE team is excited to have Centrepoint's support to achieve them," he said.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.