ClearView completes BUPA transaction
ClearView Wealth’s acquisition of the wealth management businesses of BUPA Australia is now complete.
The company announced to the Australian Securities Exchange (ASX) today that it had made the final payment to BUPA.
It said the total acquisition purchase price to BUPA Australia was $204.7 million, which was $3.9 million above the price reported on 25 August last year.
ClearView now has $3.1 billion in assets under management, along with in-force premiums of around $40 million.
AUTHOR
Mike Taylor
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
