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Commonwealth Bank of Australia buys Australian wealth manager

Commonwealth Bank of Australia (CBA) is buying Australian wealth manager, Count Financial for an equity value of A$ 373 million, (US$ 396 million). The acquisition is expected to increase CBA’s number of advisers from approximately 1,220 to more than 1,850, ranking it second by total number of advisers nationally.   Commonwealth Bank group executive, wealth management, Grahame Petersen said an…

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