Company Interview / AWAG plays good cop AND bad cop in sector consolidation

Listed financial services group, AWAG, says it's flying solo in a specific niche within the sector. The veteran management team says there's a once in a generation opportunity to participate in the consolidation of the financial advice sector, and it's aiming for significant influence. Already it's participated in 11 out of 13 major corporate events in recent years.

The group identifies discounted value opportunities, particularly after the Hayne royal commission, and focuses heavily on strategic board engagement to realise asset full potential for shareholders and unit investors. AWAG currently holds a position in Centrepoint Alliance (ASX:CAF), making it a key player in the ongoing rationalisation of the financial services sector. A recent partnership with global giant Philip Capital is seen as a strategic move, capitalising on global valuations and overseas investor interest.

Director of AWAG spoke to ausbiz on the sidelines of the TIP Group Emerging Wealth Winners small caps conference and covered:

Its operations acrosss funds management, wealth advisory, and corporate activismA significant stake in Centrepoint Alliance (ASX:CAF) and two smaller listed entitiesHow it sees sector consolidation amid declining adviser numbers and rising demandThe partnership with Philip Capital and how it enhances global reach and positions AWAG for industry leadership

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