The Australian Wealth Advisors Group (ASX:WAG) said it completed two material investments, which will underwrite the firm's net profit before tax result for the fiscal year 2026, according to a Monday Australian bourse filing.
Australian Wealth invested in Oneledger Group, and it will be working closely with the firm in expanding its footprint in financial planning and the broader wealth management services.
It also took a material investment in B2B Invest, which will be rebranded into AWAG Portfolio Services.
The firm will own up to 20% in both investments and earn a royalty revenue of up to 5% on top-line revenue. In the first year of operations, Australian Wealth is on track to achieve a net profit before tax of over AU$900,000, per the filing.
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