IAM income asset management group limited.

Ann: CBA Update and Key Intiger Appointment, page-105

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    Commonwealth Bank update
    Global Head of Productivity & Optimisation appointed
    Intiger Group Limited (Intiger or the Company) (ASX:IAM) is pleased to provide this update on:
    1. The Commonwealth Bank engagement (Commonwealth Financial Planning, Count Limited, Financial Wisdom Limited) initially announced to the market on February 2, 2018
    2. The recruitment of a Global Head of Productivity & Optimisation.
    Commonwealth Bank background:
    • On Feb 2nd 2018 Intiger Asset Management Pty Ltd (Intiger) advised the market that it had entered into a Letter of Intent (‘LoI’) with Commonwealth Financial Planning, and Deeds of Agreement (‘DoA’) with Financial Wisdom and Count Financial (‘the Licensees’).
    • Over approximately the last 20 months the Company has worked closely with the CBA to agree and prepare for the programs which were announced on February 2, 2018.
    ▪ Each of the 3 licensees are subsidiaries of the Commonwealth Bank of Australia.
    1. Commonwealth Financial Planning: provides financial planning services throughout Commonwealth Banks branch network of over 1,000 Branches.
    2. Count Financial: operates Australia’s largest network of accountant-based professional advisers, with almost 300 accounting firms nationwide.
    3. Financial Wisdom: operates and facilitates a network of financial advisers who own their businesses.
 
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