InvestSMART

Centrepoint Alliance Limited (ASX:CAF)

ALERT: Price-sensitive ASX Announcement for CAF
Current share price for CAF : $0.395 0.035 (9.72%)+
Announcement
Release
2 Jul 2026 8:30AM
Price at Release
$0.360
Full Release
download
Summary
Centrepoint Alliance Limited announced the completion of its acquisitions of the client books of Cairns Wealth and Pinnacle Wealth. This strategic move, executed through its subsidiary Financial Advice Matters Pty Ltd, aims to expand Centrepoint's salaried advice business and enhance recurring earnings quality. The final settlement was completed on 1 July 2026 with a purchase consideration of $3,000,000, adjusted to $2,902,476.97 after standard financial adjustments.
Key Points
  • Centrepoint Alliance Limited has completed the acquisition of client books from Cairns Wealth and Pinnacle Wealth.
  • The acquisition is carried out through Financial Advice Matters Pty Ltd, a wholly owned subsidiary of Centrepoint.
  • Final settlement occurred on 1 July 2026.
  • The total purchase consideration was $3,000,000, with a final settlement amount of $2,902,476.97.
  • The acquisition expands Centrepoint's salaried advice business and supports recurring earnings growth.
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.