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WT Financial Group Limited, the ASX-listed parent company of national financial advisory dealer group Wealth Today, has entered into an agreement to acquire 100% of its industry peer, Sentry Group Pty Limited.
Listed advice network buys dealer group
Sentry Group has announced it has been bought by listed advice network, Wealth Today (WTL).
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Executive director and chief executive, David Newman, confirmed the news in a statement released on Tuesday, saying the dealer group has been in discussions over the past 12-18 months with other licensees that may be keen to enter a partnership.
“We see the future of the licensee model as being a flexible service provider engaging with new technology, enhanced practice management capability as well as facilitating succession pathways for those businesses seeking to exit the industry,” the statement read.
Technology can be part of the solution to the prohibitive costs of doing business advisers are facing, but proper due diligence is needed or the benefits may fail to materialise, writes Midwinter’s Peter Panigiris.
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