Announced
Financials
Sources
Tags
Australia
Single Bidder
Friendly
Diversified Financials
Domestic
Majority
Private
financial advisory
Acquisition
Pending
Synopsis
Fortnum, an Australian financial services provider, and AZ NGA, an advisory firm, agreed to acquire financial advice business of Australian Unity, an Australian mutual company. Financial terms were not disclosed. Concurrently, Fortnum will purchase Australian Unity’s financial advice AFSL holder Australian Unity Personal Financial Services and continue to provide licensing and business support to PFS’s 150 self-employed advisers.
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