Centrepoint takes control of QLD advice group

Centrepoint Alliance will acquire a 51% controlling stake in Queensland-based financial advice business SEQ Advice Group Pty Limited (SEQ), with the deal expected to initially contribute about $600,000 in annualised EBITDA.

The acquisition forms part of Centrepoint's strategy to increase its direct exposure to recurring financial earnings.

Centrepoint expects SEQ to generate maintainable FY27 EBITDA of about $1.2 million, with the company targeting at least $2.5 million by FY31.

Under the transaction, Centrepoint will have a pathway to increase its ownership to 75% if agreed performance, client transition and succession outcomes are achieved. The second tranche could be brought forward if SEQ reaches it $2.5 million EBITDA target ahead of FY31.

Centrepoint's attributable share of EBITDA would rise to about $1.9 million if the business reaches that target an ownership increases to 75%.

SEQ was established in 2015 and operates from offices in Bundaberg and Brisbane, servicing about 626 client groups as of June 2026. The business has five financial advisers, one professional year adviser and nine employee shareholders, generating about $3 million in annual revenue.

Centrepoint will retain approximately 25% ownership with continuing advisers and key personnel, while SEQ's existing management and adviser team will remain responsible for day-to-day operations.

Centrepoint chief executive John Shuttleworth said the acquisition would provide a succession pathway while preserving the business's existing relationships and leadership.

"SEQ has built a high-quality advice business serving regional and metropolitan Queensland clients, with a strong record of growth, adviser development and client service," Shuttleworth said.

"We see an opportunity to support SEQ's next stage of growth through Centrepoint's technology, compliance, investment and business capabilities, while preserving the client relationships, local leadership and culture that have underpinned the business's success."

The acquisition is expected to be complete on 1 September 2026, subject to satisfaction of transaction conditions.