Centrepoint Alliance Completes Acquisition of Client Books
Key points
- Acquisition of Cairns Wealth and Pinnacle Wealth completed on 1 July 2026
- Total purchase consideration: $3,000,000
- Net settlement amount: $2,902,476.97 after adjustments
Full summary
Centrepoint Alliance Limited (ASX: CAF) has completed the acquisition of the client books and servicing employed advisers of Cairns Wealth and Pinnacle Wealth. The transaction, executed through Financial Advice Matters Pty Ltd, a wholly owned subsidiary, was finalized on 1 July 2026 with an aggregate purchase consideration of $3,000,000. The final settlement amount was $2,902,476.97, net of adjustments for annual leave and standard completion adjustments. This acquisition is expected to support the growth of high-quality recurring earnings.
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