Aviva Australia has acquired a shareholding in Meritum Financial Group, a Melbourne-based boutique dealer group.
Allan Griffiths, CEO of Aviva Australia, said: While Aviva is experiencing strong organic growth, we remain committed to acquiring strategic stakes in successful dealer groups and are very pleased to announce our alliance with Meritum Financial Group.
Meritum’s continued growth and success clearly demonstrates there is a place for high quality, well run dealer groups and that provision of effective financial advice to Australians is a growth sector.
Brian Dau, co-founder and director of Meritum Financial, added: We have a strong relationship with Aviva and look forward to continuing to work closely with the company as one of our shareholders. Aviva’s investment will allow us to move Meritum to the next level and achieve our next strategic objective which is to establish a salaried adviser force.