The Australian Stock Report (ASR) has been acquired by Amalgamated Australian Investment Group (AAIG).
Friday, 21st November 2014
Since being founded in 2003, ASR has been a leading provider of education and advisory services to retail ASX investors. The Company delivers daily and weekly information to clients via a suite of Trading, Investing and SMSF reports on a subscription basis.
The acquisition of ASR by AAIG is highly strategic with ASR having built strong relationships and a sizeable database of financially educated individuals. Mark Hardgrave, Director at M&A Partners said “ASR is a natural acquisition for AAIG, the companies are an excellent operational and strategical fit and AAIG will benefit from leveraging ASR into their existing financial assets”
The acquisition of ASR includes a suite of online trading reports, the SMSF review and HC securities. ASR’s educational and events operations will be retained by the current owners moving forward.