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Australian Wealth Advisors Group Ltd. ( (AU:WAG) ) has issued an update.
Australian Wealth Advisors Group Ltd (AWAG) has announced significant investments in two financial services firms, Oneledger Group and B2B Invest, which will be rebranded as AWAG Portfolio Services Pty Ltd (APS). These investments are expected to significantly support AWAG’s Net Profit Before Tax for the 2026 financial year. Oneledger Group, known for its innovative accounting and financial planning services, will collaborate with AWAG to expand its wealth management services. Meanwhile, APS will focus on providing tailored investment portfolio solutions to independent financial advisers, with plans to grow its adviser base. AWAG will hold a 20% stake in each firm and earn royalty revenue, positioning itself for strategic growth and profitability.
More about Australian Wealth Advisors Group Ltd.
Australian Wealth Advisors Group Ltd (AWAG) is a financial services business involved in funds and investment management through Armytage Private and provides services to wealth management advisors via CHPW Financial. The company aims to engage in the rationalization of the Australian financial services and wealth management sectors through corporate activism, with a leadership team comprising experienced financial services professionals.
Average Trading Volume: 10,549
Technical Sentiment Signal: Strong Buy
Learn more about WAG stock on TipRanks’ Stock Analysis page.