Centrepoint Alliance, a non-aligned financial services provider in Australia, has acquired a strategic stake in RFE Group to support the growth of professional advice firms.
RFE Group is an advice and accounting network, which focuses on supporting mortgage brokers and accountants in providing wealth advice to their customers.
RFE Group intends to utilise the funds to accelerate the growth of its business.
Centrepoint Alliance managing director John de Zwart said: “By partnering with the financial and other resources of Centrepoint, we jointly felt we could accelerate growth. Centrepoint sees a very exciting future for professional advice firms and we are prepared to support and invest in businesses seeking to grow.”
RFE CEO Peter Rheinberger said: “Centrepoint was the logical choice for us. We have a strong cultural alignment and logically they had the resources and appetite we needed to execute on our strategy. We have some big goals and the RFE team is excited to have Centrepoint's support to achieve them.”