AWAG makes two material investments

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Stock The Australian Wealth Advisors Group Ltd (WAG.ASX)
Release Time 19 May 2025, 9:21 a.m.
Price Sensitive Yes
 AWAG makes two material investments
Key Points
  • Invests in Oneledger, a financial services group
  • Invests in B2B Invest, rebranded as AWAG Portfolio Services
  • Investments to underwrite AWAG's Net Profit Before Tax for 2026
Full Summary

The board of AWAG is pleased to advise shareholders and the market that it has completed two material investments, which will underwrite AWAG's Net Profit Before Tax (NPBT) result for the 2026 financial year. The first investment is in Oneledger Group, a financial services group focusing on Accounting, Finance, Insurance and Financial Planning. Headquartered in Port Melbourne, Oneledger has established itself as a progressive and results-driven practice with close to a decade of successful operation. AWAG will be working closely with Oneledger in expanding its footprint in financial planning and the broader wealth management services. The second investment is in B2B Invest, which will be rebranded into AWAG Portfolio Services Pty Ltd (APS). APS specialises in delivering tailored, compliant, and scalable investment portfolio solutions to independent financial advisers (IFAs). APS has recently onboarded its first IFA, with funds under management and administration (FUMA) approaching $110 million, and aims to onboard a minimum of four to six additional IFAs as part of its strategic growth plan. AWAG will own up to 20% in each of these investments and earn a royalty revenue of up to 5% on top line revenue.

Guidance

In the first year of operations, AWAG is on track to achieve a Net Profit Before Tax of greater than $900k.