Crowe Howarth advisers to take equity
Listed financial services company Crowe Howarth has announced a number of its senior financial advisers will acquire a 50 per cent stake in the business’s Melbourne financial planning arm.
In a statement to the Australian Securities Exchange today, Crowe Howarth – which rebranded from WHK in July – announced it expects the new agreement to be completed in February, subject to purchaser finance conditions.
“Crowe Howarth has agreed with certain senior financial advisors of its Melbourne based firm for them to acquire a 50 per cent interest in the financial planning, lending and risk insurance operations of that firm,” the statement said.
“The directors believe that a part ownership model where Crowe Howarth holds a significant stake is consistent with industry trends and provides a growth path for its financial services offering in instances where there is limited reliance on internal referrals.”
CountPlus gives Lifeline $100,000 for bushfire recovery
CountPlus has donated $100,000 to Lifeline for the establishment of a hotline to...
FASEA approves additional recognition of prior learning
FASEA has approved applications for the recognition of coursework and further un...
Adviser exodus to worsen in 2020: Synchron
Following the loss of thousands of advisers from the industry in 2019, dealer gr...