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Australian Wealth Advisors Group Ltd. ( (AU:WAG) ) has issued an update.
AWAG announced additional information about its recent investments in Oneledger Group and B2B Invest, which will be rebranded as AWAG Portfolio Services Pty Ltd. These investments align with AWAG’s Equity Partnership Scheme strategy, aiming to acquire strategic interests in financial services businesses. AWAG secured a 15% non-controlling interest in Oneledger for $990,000 and a 20% non-controlling interest in APS for $200,000, with royalty agreements on top-line revenue. These moves reflect AWAG’s ongoing progress towards its strategic goals, enhancing its industry positioning and potential service offerings.
More about Australian Wealth Advisors Group Ltd.
Australian Wealth Advisors Group Ltd. (AWAG) operates in the financial services industry, focusing on funds and investment management through Armytage Private, and providing services to wealth management advisors via CHPW Financial. The company is also involved in the rationalization of the Australian financial services and wealth management sectors through corporate activism.
Average Trading Volume: 10,549
Technical Sentiment Signal: Strong Buy
For an in-depth examination of WAG stock, go to TipRanks’ Stock Analysis page.
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