AI assistant
CLEARVIEW WEALTH LIMITED — Capital/Financing Update 2009
Jul 12, 2009
64733_rns_2009-07-12_2906898b-6c80-4be7-ab29-7ab86a84cead.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 8] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 8] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 8] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 8] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 8] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 7] intentionally omitted <==
==> picture [595 x 6] intentionally omitted <==
13 July 2009
The Manager Companies Announcements Office Australian Stock Exchange Level 4, 20 Bridge Street Sydney NSW 2000
Dear Sir/Madam
MMC CONTRARIAN LIMITED- COMPANY ANNOUNCEMENT
In accordance with the Listing Rules please find attached the following:
- Media Release, Monday 13 July 2009- “Leading financial planner joins ComCorp Financial Advice”
ComCorp Financial Advice Pty Limited, a wholly owned subsidiary of MMC Contrarian Limited, has completed the acquisition of a 40% interest in Berry Financial Services Pty Limited (Berry Financial Services). Berry Financial Services is located in Port Macquarie NSW and has over 250 clients. The purchase consideration is not material from a MMC Contrarian Group perspective.
For further information, please contact:
Alex Hutchison Managing Director MMC Contrarian Limited 02 9224 0700
==> picture [261 x 76] intentionally omitted <==
MEDIA RELEASE
Monday July 13[th] 2009
Leading financial planner joins ComCorp Financial Advice
Leading financial planning dealer group, ComCorp Financial Advice is acquiring a regional NSW based financial planning company as part of its growth strategy.
ComCorp, a wholly owned subsidiary of MMC Contrarian Limited, has acquired 40 per cent of Berry Financial Services – founded and owned by Julie Berry CFP®, Chair of the Financial Planning Association (FPA) Board.
The acquisition is the first post MMC Contrarian’s acquisition of ComCorp in April 2009. ComCorp now has more than $900 million funds under advice.
Demand for access to quality financial planners is growing, particularly in the MidNorth NSW Coast region, where Berry Financial Services is based. This increased demand is largely a result of referrals through ComCorp’s network of referral partners, such as credit unions.
ComCorp Managing Director, Alex Hutchison said “ComCorp has acquired an equity holding in Berry Financial Services to cater for the increasing demand for quality financial advice in the Mid-North Coast region as a result of increased referrals from our credit union and other referral partners”.
“ComCorp and its financial planners understand middle Australia in particular Mum and Dad investors and are committed to providing quality ongoing advice.”
“ComCorp is committed to growing the company with a goal to provide consumers with a choice in who they trust to provide fee for service financial advice”.
“In many ways ComCorp is ideally placed to provide a robust transparent structure for financial planners as ComCorp does not have the structural conflicts of interest issues that bedevil some other participants in the financial services industry” Mr Hutchison said.
ComCorp, a Principal Member of the FPA, is encouraging other financial advice practices to consider the prospect of joining the ComCorp dealer group.
The acquisition of a stake in Berry Financial Services epitomises the structure of Comcorp’s business model - to acquire full or partial stakes in financial planning businesses and then to grow the business at the same time providing access to referrals from our exclusive relationship with our referral partners.
ENDS
Media contacts:
Daniela De Lucia - Jackson Wells – 02 9904 4333 / 0421 792 765 Candaice Moss – Jackson Wells – 02 9904 4333 / 0438 180 900 Alexander Hutchison – ComCorp Financial Advice – 02 9224 0700