Following Westpac’s announcement to the ASX on 19 March 2019, Viridian Financial Group Ltd (Viridian) is excited to announce it has entered into an agreement to acquire part of Westpac’s BT Financial Advice business.
As part of the transaction, Viridian will also offer BT Group Licensees practices the opportunity to join a Viridian owned licensee advice model operating under an Australian Financial Services Licence (AFSL).
Viridian will have national adviser presence through both an employee adviser channel and a licensing model for separately run advisory firms.
Viridian and Westpac have a long-standing collaborative relationship. Once fully executed Viridian will be positioned as one of Australia’s larger financial services providers with a substantial national footprint.
Glenn Calder, Chief Executive Officer Viridian Advisory provides an overview of this exciting transaction in the above video.
Westpac ASX announcement link follows.