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Australian Wealth Advisors Group Ltd. ( (AU:WAG) ) has issued an update.
Australian Wealth Advisors Group Ltd. (AWAG) has made strategic investments in Avalon Financial Services and Beattie Financial Services, effectively doubling its number of authorized representatives across Australia to over 80. The investment in Avalon, a Sydney-based firm specializing in licensing solutions for wealth management advisors, aligns with AWAG’s growth strategy of expanding its advisory and wealth management model. Additionally, the acquisition of SWR Chartered Accountants in conjunction with Beattie Financial Services enhances AWAG’s presence in Central Victoria and the Bellarine coast, contributing to increased revenue and resource capacity. These moves position AWAG significantly ahead of its growth objectives, creating a valuable asset base and reflecting the company’s successful expansion since its listing in February 2024.
The most recent analyst rating on (AU:WAG) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Australian Wealth Advisors Group Ltd. stock, see the AU:WAG Stock Forecast page.
More about Australian Wealth Advisors Group Ltd.
AWAG, or Australian Wealth Advisors Group Ltd., is a financial services company engaged in funds and investment management through Armytage Private. It provides services to wealth management advisors via its three licensees and aims to participate in the rationalization of the Australian financial services and wealth management sectors through corporate activism. The company’s directors are seasoned financial services professionals with significant ownership stakes.
Average Trading Volume: 17,538
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$43.5M
Learn more about WAG stock on TipRanks’ Stock Analysis page.