Commercial in confidence There has been no material change since our communication yesterday. We continue to build the data room that will assist potential acquirers to commence the due diligence of our licence. Only parties who are seriously interested will receive access to the data room and we will have an audit trail of all activity. On…

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Commercial in confidence Today the data room for Madison opened.  For those who aren’t familiar with the process, a data room is a secure location which houses a number of documents and information sources to assist potential acquirers to commence due diligence of our licence. This includes (but not limited to) AFSL policies and procedures,…

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I’m sitting in the Adelaide airport post the Principals’ briefing reflecting on the conversations shared during the course of the morning. It’s hard to imagine only a few months ago, the Adelaide community did not exist, nor were we intending to create it. Today, I’m very glad we made a different decision. As Cassandra, Alisa,…

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Commercial in confidence There has been no material change since yesterdays communication. We are available if you would like to reach out and ask any questions; Jaime 0439 079 786 Kerry 0402 145 480 Dave 0466 710 170 We hope to see you at one of our PD Roadshows in Adelaide, Sydney or Brisbane, if you are yet to register,…

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Commercial in confidence Money Management published an article today suggesting PwC released an Information Memorandum (IM) for the sale of Madison.  The article also stated ‘The IM also makes clear that OneVue is keen to ensure that any new owner for Madison maintains its funds under advice (FUA) on the OneVue platform, something which would…

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Commercial in confidence Thank you for those who joined us for this morning’s video conference. An update of the conversation follows; As part of the sale process, PwC is required to publicly advertise for expressions of interest.  An advertisement will be placed in the Australian Financial Review on Wednesday. The advertisement stipulates time frames whilst also…

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Commercial in confidence Thank you all for your continued messages of support. Over the past week we have welcomed 7 new Advisers and 3 new businesses to Madison. Considering the changes and challenges facing us all at the moment this is a true testament to the Madison Community. When talking about letting Advisers know we’ve…

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Commercial in confidence Today I’ve had conversations with several of you about what’s going on in our business, how people are feeling and what’s going to happen. Appreciating we’ve not been able to give you certainty at this point, I am grateful to know the daily email updates help a little with some of your concerns. Reflecting on today’s conversations,…

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Commercial in confidence We are continuing to work with Bob Neill, from Seaview Consulting regarding the sale of Madison. Significant interest has been received and the expressions are currently being reviewed before a shortlist is determined. Those parties on the shortlist will receive an information memorandum as part of the next stage. Bob understands the importance of…

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Commercial in confidence The sale process continues as per my update yesterday. Our priority throughout this process continues to be the minimisation of disruption to you and your business. We will ensure to keep you informed of changes and updates as they occur. Please feel free to reach out to any of us; Jaime 0439 079 786 Kerry 0402 145 480 Dave 0466…

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