AWAG Investments - Supplementary Information
| Stock | The Australian Wealth Advisors Group Ltd (WAG.ASX) |
|---|---|
| Release Time | 22 May 2025, 6:54 p.m. |
| Price Sensitive | Yes |
AWAG Investments - Supplementary Information
- AWAG acquires 15% stake in Oneledger Group for $990,000
- AWAG acquires 20% stake in B2B Invest (AWAG Portfolio Services) for $200,000
- AWAG to receive royalties of up to 5% on top-line revenue from both investments
The Australian Wealth Advisors Group Limited (AWAG) has provided additional information regarding two investments it has made into Oneledger Group and B2B Invest (to be branded as AWAG Portfolio Services Pty Ltd). AWAG has acquired a 15% non-controlling interest in Oneledger Group, a financial services group focusing on accounting, finance and insurance, for a cash consideration of $990,000. This investment will provide AWAG with a 4% royalty on Oneledger's top-line revenue. AWAG has also acquired a 20% non-controlling interest in B2B Invest (AWAG Portfolio Services) for $200,000, which will provide AWAG with a 5% royalty on the firm's top-line revenue starting in FY26. AWAG sees opportunities to further support clients with new financial planning and wealth management services through these investments. The investments reflect AWAG's continued progress towards its strategic goals of acquiring strategic interests in financial services businesses.
AWAG's investments in Oneledger Group and B2B Invest (AWAG Portfolio Services) will provide the company with royalty payments of up to 5% on the top-line revenue of these businesses.
AWAG sees opportunities to further support clients with new financial planning and wealth management services through its investments in Oneledger Group and B2B Invest (AWAG Portfolio Services).