Two licensees form new dealer group
The parent companies of Sentry Financial Services and Epic Adviser Solutions have signed a heads of agreement to bring the two licensees together under one dealer group, Sentry Group Australia.
According to the agreement, administration will be combined, but each company will continue to operate under their individual licenses, with both parent companies sharing an equity position in the merger.
From inception, the new dealer group will have 120 financial advisers representing it in every mainland state. However, Sentry Group chairman Murray Hills said Sentry Group Australia would be pursing acquisitions as a means of expanding.
“Additionally we are actively seeking out like-minded advisers who will gain benefits from joining our group,” he said.
“We are committed to providing solutions for advisers that assist them to profitably run their practices and effectively service the financial and protection needs of their clients.”
The agreement will take effect from July 1.
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