Genesys buys WA client books
AXA Asia Pacific-backed financial planning dealer group Genesys has acquired the books of two financial planning businesses from within the Bank of Queensland group of companies.
Genesys has announced that its West Australian-based Genesys member firm, Aspire2, has substantially lifted its client base and funds under advice via the purchase of StateWest Financial Planning and the client books of Home Financial Planning.
According to the Genesys announcement, completion of the transaction followed an initial approach by the company last year.
Aspire2 managing director Malcolm Davis said the transaction would allow the company to provide enhanced financial planning solutions to its existing and new clients.
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