AWM sets sights on busy second half.

Australasian Business Intelligence, May, 2005

May 23, 2005 (Independent Financial Adviser - ABIX via COMTEX)

Australian Wealth Management (AWM) has announced its plans for the second half of 2005. The group, which listed on the Australian Stock Exchange after its separation from the Tower Group, will use its non-aligned position to create distribution alliances with credit unions, according to MD and CEO Andrew Barnes. It will also look at expanding via "small focused business acquisitions" and launch an incentive scheme for advisers at Bridges Financial Services. AWM's operating net revenue for the 2004-05 half-year was up 13 per cent from the same time last year to $A30.4m, with a net profit of $A113,000.

Publication Date: 23 May 2005

AUSTRALIAN WEALTH MANAGEMENT LIMITED - ASX AUW:...

            
        
    
    	    
                
                
	

		

					 
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