Matrix withdraws itself from sale
Dealer group Matrix Planning Solutions has withdrawn itself from sale after announcing nearly a year ago that it was seeking expressions of interest.
The company's decision was announced by Matrix managing director, Rick Di Cristoforo today who said the decision had been made despite significant interest from potential buyers.
He said that, instead, the company had come to the view that the offers received had conditions attached that would have been impossible for the Matrix shareholders to accept.
"These conditions would have affected the conduct of our advisers, the operation of their businesses and our collegiate culture," Di Cristoforo said.
He said that Matrix would now be focusing on growth and had announced a new value proposition for advisers and would be focused on attracting businesses to the model.
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