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ING Australia Sydney

ING Australia Sydney
GPO Box 5306
Sydney 2000
Tel: 02 9234 8111
Fax: 02 9262 6320




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Millennium3 completes Mawson acquisition


ING advice group Millennium3 has successfully completed the purchase of the assets of national dealer group Mawson Group Australia Limited.

Sixty-five Mawson’s advisers have joined Millennium3, and Mawson’s business operations have been fully integrated into Millennium3. Last April Mawson Group shareholders accepted an offer from Millennium3 to buy the dealer group.

The acquisition increases Millennium3’s adviser numbers to 590, making it the fifth largest dealer group in Australia, with $180 million per annum in-force risk premium, and $5 billion in funds under advice.

According to Millennium3, they are pleased to have now finalised the acquisition of this business, and they welcome the new advisers and their clients. Mawsons is a good fit with Millennium3’s proven business model of leveraging links with other advice professionals, including general insurance brokers and accountants.

According to ING, this acquisition underlines ING’s desire to grow its network by attracting advisers who will complement its balanced portfolio of advice groups, including Millenium3, Retireinvest, Tandem Financial Advice and ING Advice.

25-Jul-2007
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