Centrepoint Alliance agreed to acquire Brisbane's Financial Advice Matters.

With Financial Advice Matters managing over $1 billion in funds under advice and operating eight offices across Queensland, the acquisition is expected to bolster Centrepoint Alliance's revenue by adding $6.1 million from Financial Advice Matters' FY23 operations.

The deal involved a cash consideration of $10 million, with an additional debt facility of the same amount from the National Australia Bank (ASX:NAB).

The completion of the transaction is anticipated by Dec. 1, subject to meeting closing conditions.