This comes not long after the firm had already increased its shareholder stake in the licensee, with the potential goal of controlling enough shares to enact corporate activity.
Specifically, AWAG’s agreement with Bondia sees them increase their voting power from 15.10 per cent to 17.10 per cent, following an agreement of 4 million Centrepoint Alliance (CAF) shares.
Though this agreement allows AWAG to vote on behalf of Bondia, AWAG does not own the votes outright. The agreement stipulates that this arrangement is in force until 15 August 2026, in which time Bondia cannot sell those shares to another party.
The parties are also discussing a possible future call option, under which AWAG could eventually acquire the shares outright, although no final agreement had been reached at the time of filing.
This would mean AWAG’s voting power now comfortably surpasses Sequoia’s, which is a 15 per cent shareholder of Centrepoint.
Centrepoint are one of only four dealer groups listed on the ASX, which ends up accounting for roughly half of all licensed advisers. The others are Count, WT Financial and Sequoia.
According to AWAG, the attraction of Centrepoint lays in its position as one of Australia’s largest licensees with a strong market position, while it also is trading at attractive multiples and has substantial value with a well-run executive team.
In its half-year results released in February, Centrepoint Alliance Limited posted net revenue of $21.5 million, marking a 7 per cent increase on the prior corresponding period, driven in part by continued growth in its salaried advice division.
Revenue from the business rose by $1 million to $5.2 million during the half, while combined funds under management and administration (FUMA) across its managed accounts offering and IconiQ platform climbed to $565 million, up from $419 million in the six months to 30 June.
Chief executive John Shuttleworth said at the time the uplift reflected a combination of adviser fee adjustments designed to better align with client services, contributing an additional $0.3 million in revenue, alongside $0.6 million generated from the acquisition of Brighter Super in July 2025 and a further $0.1 million from new business inflows.
