Millennium3 gains planners
A total of 65 Mawson Group advisers have now joined Millennium3 as part of Mawson’s acquisition by the ING dealer group, increasing its adviser numbers to 590.
The business operations of dealer group Mawson have also been fully integrated into Millennium3, according to its joint managing director Darryl Foster, who yesterday announced the completion of the acquisition.
Foster said the acquisition, which Mawson shareholders agreed to in April this year, makes Millennium3 the fifth largest dealer group in Australia, with $180 million per annum in risk premiums, and $5 billion in funds under advice.
He said the acquisition of Mawson is a good fit with Millennium3’s proven business model of leveraging links with other advice professionals, including general insurance brokers and accountants.
It also underlines ING’s desire to grow its network by attracting advisers who will complement its balanced portfolio of advice groups, including Millenium3, Retireinvest, Tandem Financial Advice and ING Advice.
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