Clime to offload Madison Financial Group
Clime Investment Management will sell Madison Financial Group and managed accounts platform WealthPortal to Infocus for $2 million.
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Clime Investment Management will sell Madison Financial Group and managed accounts platform WealthPortal to Infocus for $2 million.
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Clime has entered into a heads of agreement to divest Madison Financial Group to a rival licensee for $2 million.
Madison Financial Group has joined forces with Godfrey Pembroke's Practice Development Group (PDG), consolidating their operational and AFSL services to create a new entity providing back-office services to their financial advice networks.
Madison Financial Group, a wholly owned subsidiary of Clime, has formed a strategic alliance with Practice Development Group, bringing combined FUA to $8 billion through 130 advisers.