The latest update is out from Prime Financial Group Limited ( (AU:PFG) ).
Prime Financial Group Limited has announced its acquisition of Lincoln Indicators, a prominent Australian investment research, portfolio, platform, and funds management business. This strategic move is set to significantly enhance Prime’s wealth offering and distribution footprint, increasing access to high-net-worth investors by tenfold. The acquisition aligns with Prime’s growth strategy through complementary and EPS-accretive acquisitions, aiming to diversify customers and boost recurring revenue. The deal, valued at up to $17.9 million, will be funded through a mix of cash and shares over three years, with additional payments tied to performance targets. The integration of Lincoln’s services and client base is expected to provide substantial cross-selling opportunities and strengthen Prime’s position in the high-net-worth and wholesale investor market.
More about Prime Financial Group Limited
Prime Financial Group Limited (ASX:PFG) is an Advice, Capital and Asset Management Group that offers a range of investment, wealth management, and SMSF services. The company is focused on expanding its wealth offerings and distribution capabilities.
YTD Price Performance: -0.92%
Average Trading Volume: 94,906
Technical Sentiment Signal: Sell
Current Market Cap: A$53.06M
Learn more about PFG stock on TipRanks’ Stock Analysis page.