Equity Story Group Expands Wealth Management with Baker Young Acquisition

The latest update is out from Equity Story Group Ltd. ( (AU:EQS) ).

Equity Story Group Ltd has entered into a binding agreement to acquire Baker Young Limited, a well-established financial advisory firm, as part of its strategic expansion into retail stockbroking. This acquisition, valued at $4.2 million, is expected to be earnings-accretive and will significantly enhance Equity Story’s Wealth Management division by providing access to full-service retail and high-net-worth investment advice. The transaction will also bring strong synergies between Equity Story’s proprietary trading system and Baker Young’s research-driven approach, offering a unique blend of insights to clients. The acquisition is anticipated to contribute meaningfully to the company’s revenue and recurring income, aligning with its strategy of selective mergers and acquisitions.

More about Equity Story Group Ltd.

Equity Story Group Ltd, founded in 2014, operates in the financial services industry, providing investors with expert research, education, and tools for informed investment decisions. The company focuses on expanding its Wealth Management division and enhancing its presence in the retail and high-net-worth investment advice sector.

YTD Price Performance: -10.0%

Average Trading Volume: 301,514

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$2.98M

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