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Clime Investment Management Ltd (ASX:CIW)

ALERT: Price-sensitive ASX Announcement for CIW
Current share price for CIW : $0.300 -0.03 (-9.09%)+
Announcement
Release
13 Mar 2026 4:53PM
Price at Release
$0.330
Full Release
download
Summary
Clime Investment Management Limited has announced a strategic partnership with an established Australian financial advice group. The transaction involves Clime's Advice Pty Ltd and its representative network, forming a new entity expected to manage over $2 billion in assets. Clime will maintain a 10% stake with an option to increase it to 25%, supporting the venture with vendor finance. The advice business will continue under the Clime Private Wealth brand. The transaction is valued at $6.5 million and is anticipated to complete by March 31, 2026, pending document finalization and customary conditions. The announcement was approved by Clime's Board for ASX release.
Key Points
  • Clime Investment Management Limited has entered a strategic partnership with an Australian financial advice group.
  • The partnership involves Clime Advice Pty Ltd and their authorised representative network.
  • The combined advice business is expected to manage over $2 billion in funds under advice.
  • Clime will retain a 10% equity interest with options to increase ownership to 25%.
  • Clime will provide vendor finance to support the transaction.
  • The existing business will operate under the Clime Private Wealth brand.
  • Clime retains its Investment Management Account offering.
  • The transaction is valued at $6.5 million pending post-completion adjustments.
  • Completion of the transaction is expected by 31 March 2026.
  • The announcement is approved by Clime's Board of Directors for release to the ASX.
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.