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
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.