ClearView moves into independent financial advice market
ClearView Wealth has expanded into the independent financial adviser (IFA) market with the acquisition of three IFA practices.
The acquisition of TSG Financial Solutions (TSG), East Coast Consultants (East Coast) and Knightcorp takes the number of ClearView financial advisers from 57 (as at 31 December 2011) to 66.
ClearView stated that the acquisitions broaden its distribution footprint across Australia, with TSG based in Queensland, East Coast based in New South Wales, and Knightcorp based in Western Australia.
ClearView has also announced that its life advice product suite, LifeSolutions, has been added to seven more dealer group approved product lists - taking the total to 13.
A key part of the company's distribution strategy has been based on ClearView advisers and IFAs, and ClearView managing director Simon Swansea said the business "is pleased with the progress year-to-date".
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.
