Business Services Industry
AWM wealth flows to Bridges planners.
Australasian Business Intelligence, February, 2007
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Byline: Brendan Swift
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Feb 06, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Financial planners at Australian company, Bridges Financial Services, will benefit from incentives. When its parent company, Australian Wealth Management (AWM), was divested from insurance company Tower in 2005, over 80 of Bridges' top planners were awarded eight million shares. The stock was a reward for performance and a retention measure. AWM's shares listed at $A0.80 and closed at $A2.85 on 6 February 2007. Two million of the shares will vest on 15 February, with a value of about $A5.7 ...
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