Business Services Industry
Aust Wealth grows corporate super.
Australasian Business Intelligence, February, 2007
Byline: Christine St Anne
Feb 06, 2007 (Investor Weekly - ABIX via COMTEX) -- If Australian Wealth Management (AWM) continues to acquire superannuation products, it could achieve assets of $A3.5 billion. In January 2007 AWM announced its discussions on purchasing products from Zurich and Genesys for around $A35 million. This follows its May 2006 acquisition of Select Managed Funds and the purchases since then of funds such as the Merrill Lynch Superannuation & Pension Fund and WHK Umbrella Superannuation Fund. These acquisitions are leading AWM to a pool of 150,000 members.
Publication Date: 18 January 2007
AUSTRALIAN WEALTH MANAGEMENT LIMITED - ASX AUW
ZURICH AUSTRALIA LIMITED
GENESYS WEALTH ADVISERS LIMITED
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