Prime Financial Expands Wealth Business via Acquisition

Prime acquires Lincoln Indicators - Financial Newswire

Publicly-listed Prime Financial Group has moved further into the wealth sector via a move to acquire 100% of investment research and funds management business, Lincoln Indicators. Prime announced to the Australian Securities Exchange (ASX) that it had entered into binding agreements to acquire 100% of Lincoln Indicators in a transaction valued at $15.75 million. The ASX announcement said the acquisition would further expand Prime Wealth’s offeri…

Prime Financial Expands Wealth Business via Acquisition

Prime Financial Group (ASX: PFG) is set to broaden its Wealth business and distribution network through the acquisition of Lincoln Indicators, an Australian firm specializing in investment research, portfolio management, platform services, and funds management. This strategic move aims to capitalize on the expanding high-net-worth (HNW) investor segment in Australia, which has grown to approximately 690,000 individuals managing $3.4 trillion in …