CWS adviser acquisition completed

In a letter to CWS authorised representatives dated 7 July – seen by ifa – appointed receiver Geoff Davis of BCR Advisory explained that the deal with licensee SMSF Partners is now official.

“By agreement entered into today, SMSF Partners Pty Ltd has acquired the right to bring the [CWS] dealers under its own AFS licence,” the letter states.

“Amongst other things, this transfers you to the SMSF Partners insurance, support and training services and the like.”

ifa understands that SMSF Partners is trading as MyPlanner Australia.

CWS went into external receivership in June, reportedly following a personal dispute between its directors.