Bendigo Financial Planning has penned a sale agreement with a Geelong-based financial planning firm, under the terms of which the bank has acquired the company.
In a deal finalised in October, Bendigo Financial Planning Limited – a subsidiary of the Bendigo and Adelaide Bank – has acquired Wheeler Financial Services, a firm based in Geelong West in Victoria.
“Following this sale, planners transitioning from Wheelers will operate as part of Bendigo Financial Planning,” said a statement on the bank's website. “To help ensure minimal disruption, Wheelers staff will remain within the business and will continue to work from their existing office located.
“However, the Wheelers brand will change from Wheeler Financial Services to Bendigo Financial Planning.”
More to come.
Macquarie Bank will pay a $10 million penalty for failures related to preventing and detecting unauthorised fee ...
The Financial Advice Association Australia has argued strongly against the implementation of the CSLR, calling the ...
A financial advice firm has seen a decline of 10 advisers this week with all moving to a new licensee, while Centrepoint ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin