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Prime Financial Group Limited (ASX:PFG)

ALERT: Price-sensitive ASX Announcement for PFG
Current share price for PFG : $0.215 -0.015 (-6.52%)+
Announcement
Release
19 May 2025 9:19AM
Price at Release
$0.230
Full Release
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Summary
Prime Financial Group Limited (PFG) announced the completion of its acquisition of Lincoln Indicators, a data-driven investment research and advice business based in Australia and Singapore. The transaction is valued at $17.5 million, comprising a mix of cash and shares, with potential earn-out components. The acquisition aligns with PFG's strategy to expand its wealth management platform and leverage Lincoln Indicators’ expertise in equity research, technology, and client engagement. Lincoln will maintain its brand and team under PFG while benefiting from the group's scale and distribution channels. The integration is expected to enhance PFG's service offerings and support its ambition for long-term growth in the financial advisory and investment sector.
Key Points
  • Prime Financial Group Limited (PFG) completed the acquisition of Lincoln Indicators.
  • Lincoln Indicators is an Australian and Singapore-based investment research and advice company.
  • The acquisition is valued at $17.5 million, with cash, shares, and an earn-out structure.
  • The deal strengthens PFG's position in the financial services and wealth management sector.
  • Lincoln Indicators will retain its brand and management team within PFG.
  • The acquisition expands PFG's technology and equity research capabilities.
  • PFG aims to deliver integrated wealth management and investment solutions.
  • The transaction supports PFG’s long-term growth and strategic ambitions.
  • PFG will leverage Lincoln’s established distribution channels and client engagement models.
  • The announcement emphasizes PFG’s commitment to innovation and enhanced client service.
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.