Multinational Aura Group has made another acquisition of an Australian financial advice outfit, taking a 100 per cent stake in non-aligned licensee Australian Capital Financial Planning.
Under the terms of the deal, ACFP’s 27 authorised representatives will now join a dealer group with almost 100 advisers.
“We are very excited about acquiring ACFP, the advantage our value proposition has for financial planners is that they have access to a group of services covering funds management, legal, accounting, property, lending and wealth management,” said Aura funds and wealth management managing director Craig Mowll.
Aura acquired boutique firm Accountable Financial Group in June 2015.
ACFP is a former finalist in the ifa Excellence Awards. For more information on the awards program, visit https://www.ifa.com.au/ifa-awards
A new report has been released this week.
The wrap investment platform has added new managed portfolios to its menu.
The current funding model has been in place for five years.
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