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Centrepoint Alliance Limited (ASX:CAF)

ALERT: Price-sensitive ASX Announcement for CAF
Current share price for CAF : $0.385 0.045 (13.24%)+
Announcement
Release
1 Jun 2026 8:35AM
Price at Release
$0.340
Full Release
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Summary
Centrepoint Alliance Limited (CAF) announced the acquisition of client books and servicing employed advisers from Cairns Wealth and Pinnacle Wealth. This strategic move aims to expand Centrepoint's salaried advice business while enhancing its collaboration with Astute Financial Management Pty Ltd. The acquisition, valued at approximately $3.0 million, is expected to contribute recurring earnings of $1.5 million in revenue and an EBIT of $0.60 to $0.65 million by FY27. Additionally, a new $10 million acquisition facility has been approved by National Australia Bank to support the transaction. Both acquisitions are structured to ensure minimal integration complexity, with advisors transitioning to Centrepoint’s employment arrangements.
Key Points
  • Centrepoint Alliance to acquire Cairns Wealth and Pinnacle Wealth client books.
  • Acquisition to expand the company's salaried advice business.
  • Strengthens strategic partnership with Astute Financial Management.
  • Acquisition value is approximately $3.0 million.
  • Expected revenue of $1.5 million with EBIT contribution of $0.60 to $0.65 million.
  • National Australia Bank approves $10 million acquisition facility.
  • Transaction expected to be completed by July 1, 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.