Centrepoint Alliance Limited (CAF:ASX)

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CAF ASX Share Price Chart 11 Sep 23

Centrepoint Alliance Limited (CAF) operates in the financial services industry within Australia and provides a range of financial advice and licensee support services (including licensing, systems, compliance, training and technical advice) and investment solutions to financial advisers, accountants and their clients across Australia, as well as lending mortgage aggregation services to mortgage brokers.

Centrepoint Alliance has around 1100 financial advisors around Australia, affiliated through part owned and affiliated firms, where it offers a fully licensed or service provider model. It aims to attract higher producing advisors and has managed to carve out a strategy in an industry going through a difficult period. CAF now has the largest network of financial advisors outside of IOOF and AMP, and is likely to play a part in further industry consolidation at the smaller end.

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