Centrepoint Alliance has finalised the $3 million acquisition of client books and advisers from Cairns Wealth and Pinnacle Wealth, expanding its salaried advice business and boosting recurring earnings.
- Acquisition settled on 1 July 2026
- Purchase consideration of $3 million
- Net settlement of $2.9 million after adjustments
- Expansion of salaried advice business
- Supports growth in recurring earnings
Acquisition Finalised on Schedule
Centrepoint Alliance Limited (ASX:CAF) has completed the acquisition of client books and servicing employed advisers from Cairns Wealth and Pinnacle Wealth, with settlement occurring on 1 July 2026. The transaction was executed through Financial Advice Matters Pty Ltd, Centrepoint's wholly owned salaried advice business.
Financial Details and Adjustments
The agreed aggregate purchase consideration was $3 million, with the final settlement amount adjusted to $2,902,476.97. This reflects standard completion adjustments and annual leave provisions related to three advisers who transferred as part of the deal, amounting to $97,523.03.
Strategic Expansion of Advice Business
This acquisition expands Centrepoint's salaried advice footprint, enhancing its capacity to generate high-quality recurring earnings. The integration of Cairns Wealth and Pinnacle Wealth client books aligns with Centrepoint's ongoing strategy to grow its in-house financial advice network and strengthen its presence in Queensland.
Broader Business Context
Centrepoint operates across five core business lines including Licensee Services, Financial Advice, Investments, Platforms, and Lending. This transaction complements its financial advice segment, which focuses on delivering personalised, holistic advice through salaried advisers. The deal is expected to contribute positively to earnings, fitting into Centrepoint's broader growth trajectory following recent strategic moves to sharpen its service offerings.
Bottom Line?
The acquisition solidifies Centrepoint's salaried advice platform, but investors will be watching how smoothly the integration unfolds and the impact on recurring revenue streams.
Questions in the middle?
- How will Centrepoint retain and grow the acquired client books post-integration?
- What are the short-term impacts on earnings beyond the purchase consideration?
- Could further acquisitions in the Queensland market follow this deal?