Hey TraderTan, I just wanted to run something past you and that is would you know what happens if many licences don’t actually decide to move to IOOF from MLC. There has been a few adviser businesses choosing not to move to IOOF and another one announced today. This will reduce the amount of funds under management that will ultimately transfer over to IOOF. Would this result in a reduced price payable upon completion of the deal, similar to what happened with One Path do you think? Surely there would be something written in the deal that states that if funds under advice reduces, then so does the final payment? Your thoughts?
IFL Price at posting:
$3.42 Sentiment: Buy Disclosure: Held
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