Aus Unity makes play for mid-tier dealer group

Australian Unity Personal Financial Services has made a non-binding offer to acquire all of the shares of a non-aligned financial planning licensee.

Aus Unity’s financial advice arm has made an official bid for Premium Wealth Management, with the latter’s shareholders now examining the terms of the proposed acquisition.

Australian Unity Personal Financial Services chief executive Steve Davis said the acquisition would give his dealer group additional exposure to the accounting market.

“It should also better position Australian Unity Personal Financial Services to take advantage of opportunities arising from the significant regulatory and environmental changes impacting the profession,” Mr Davis said.

“Premium is a successful business, with a high quality group of advisers that has substantial revenue, funds under advice and clients, and will be a significant contributor to increasing the scale and strength of Australian Unity Personal Financial Services.”

 

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