CIW clime investment management ltd
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News: CIW Clime Investment Management Says Exclusive Non-Binding Heads Of Agreement With Madison...

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    16/08/23
    11:15
    Post #: 69366583

    Aug 16 (Reuters) - Clime Investment Management Ltd (CIW) :

    • EXCLUSIVE NON-BINDING HEADS OF AGREEMENT WITH MADISON FINANCIAL GROUP AND PRACTICE DEVELOPMENT GROUP
    • AGREEMENT TO FORM A STRATEGIC OPERATING ALLIANCE
    • ALLIANCE WILL CONSOLIDATE RESPECTIVE SERVICE OFFERINGS OF EACH GROUP INTO A SINGLE ENTITY
    • COMBINED, LICENSEES WILL HAVE ABOUT A$8 BILLION IN FUA THROUGH 130 ADVISERS
    • CREATION OF A NEW ENTITY, SERVICE CO
    • CLIME TO PROVIDE "IN KIND" COMMERCIAL SERVICES OVER AN INITIAL TWO-YEAR PERIOD FOR A 10% EQUITY POSITION IN SERVICE CO
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