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Clients join Gould Wealth Management


Clients join Gould Wealth Management


Media Release
21 July 2008

Gould Wealth Management (GWM) has today (21 July 2008) confirmed that sufficient clients of Vestar have signed up with GWM for the terms of the sale and purchase agreement to be confirmed.

Rather than buying shares in Vestar, GWM is entering into new agreements with Vestar clients, employing staff and advisers and assuming the premises of the business.

GWM’s George Gould said he was pleased at the strong level of support for GWM. Clients were continuing to forward acceptances and he expected more to follow with the deal now confirmed.

“Clients’ confidence in GWM’s philosophy was critical to the arrangement proceeding. We see a real opportunity to take a troubled business and troubled investors in a fresh direction, but we needed to know that this was what clients wanted as well,” Mr Gould said.

“It’s clear that investors want to see changes in the way the financial planning industry operates, a desire we both wholeheartedly support and wish to lead.”


ENDS

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