CAF.ASX: Acquisition of Cairns Wealth and Pinnacle Wealth Client Book

Acquisition of Cairns Wealth and Pinnacle Wealth Client Book

Stock	Centrepoint Alliance Ltd (CAF.ASX)
Release Time	1 Jun 2026, 8:35 a.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

Centrepoint Alliance Acquires Cairns Wealth and Pinnacle Wealth

Key Points

Expanded Queensland distribution footprint
Strengthened strategic partnership with Astute
Expected earnings accretion in FY27

Full Summary

Centrepoint Alliance Limited (ASX: CAF) has announced the acquisition of Cairns Wealth and Pinnacle Wealth client books and servicing employed advisers. The acquisition aims to expand Centrepoint's presence in Queensland and strengthen its strategic alignment with Astute Financial Management. The transaction, valued at approximately $3.0 million, is expected to contribute $0.60 to $0.65 million in EBIT and is anticipated to be earnings accretive in FY27. The acquisition is funded by a new $10 million acquisition facility from National Australia Bank.

Guidance

Expected EBIT contribution: $0.60 - $0.65 million; Expected to be earnings accretive in FY27

Outlook

Centrepoint Alliance remains focused on executing its growth strategy through acquisitions, adviser recruitment, and expansion of its platform and investments businesses.