Centric acquires PKF
Michael Pillemer
Centric Wealth has acquired PKF Financial Services — the company that conducted PKF’s financial planning business in Sydney and Brisbane.
The move comes ahead of Centric’s planned listing on the Australian Stock Exchange.
Centric Wealth chief executive Michael Pillemer said all 14 PKF Financial Planning staff would be joining Centric Wealth and the acquisition would bring Centric’s asset under advice to $5.7 billion.
Pillemer said the transaction finalised the acquisitions that Centric would be making prior to its planned public listing.
“There is a strong pipeline of quality groups interested in joining us, but for now our energies will be focused on listing Centric Wealth,” he said.
AUTHOR
Mike Taylor
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