When former head of Paragem Nathan Jacobson started having conversations with advice networks to find a merger partner, it wasn’t in his plan to become the MD of an ASX listed company.
“During the process with Easton I was asked to lead the company, which was a good surprise,” Jacobson says during an interview with
Professional Planner.
Platform provider HUB24’s deal in October last year involved selling its wholly-owned licensee business Paragem to the ASX-listed Easton Investments for $4 million as well as completing a proportional takeover of the company for $14 million. The deal coincided with HUB24’s acquisition of Xplore Wealth and Ord Minnett’s non-custody platform.