Australian Wealth Advisors Group (ASX:WAG) has s expanded its national footprint through strategic investments in Avalon Financial Services and Beattie Financial Services, doubling its number of authorised representatives across Australia to more than 80.
In a move to support Avalon Financial Services’ growth objectives, AWAG subscribed for new capital and acquired shares from retiring executives.
Sydney-based Avalon, founded in 2013, provides licensing and practice solutions for wealth management advisors, and its boutique, innovative operations align with AWAG’s strategy of expanding its advisory and wealth management model.
With this investment, AWAG now operates three boutique Licensees/AFSLs under its "House of Brands" model, and is actively exploring additional acquisitions nationwide.