FOLLOW US
Follow us!

We are a proud member of the Financial Services Online network!

Connect with us on your favourite social media platform for the latest financial news, views, tips, tricks, resources and information.

Follow us on social media
Car Loans Australia
Private & Commercial Car Loans for New & Used Vehicles
Car Loans Australia :: News
SHARE

Share this news item!

BFG Aims for Full Control of Selfwealth

BFG Aims for Full Control of Selfwealth

BFG Aims for Full Control of Selfwealth?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Bella Financial Group (BFG) is set to take complete ownership of Selfwealth following an official announcement today, signaling another significant step in the finance world.

In a strategic move detailed to the Australian Securities Exchange, BFG has declared its intention to acquire full ownership of all outstanding shares of Selfwealth. Each share is valued at 25 cents, putting the total implied value of Selfwealth at a noteworthy $57.7 million.

This acquisition is anticipated to create strategic advantages for BFG through expansion and integration within its digital broking sector. The benefits are expected to manifest through enhanced scale and synergy in both revenue and operations.

"We are excited about the synergies and growth possibilities this acquisition presents," stated Brian Wilson, BFG's chairman. Wilson confirmed that the integration plan prioritizes preserving the Selfwealth brand while continuing its development framework, thereby minimizing interruptions for existing clients.

Representing a unified front, the Selfwealth board has endorsed the acquisition proposal, urging shareholders to give their support. Such consensus highlights the potential seen in this consolidation.

For context, news of this caliber has parallels in the industry, echoing past consolidations that effectively reshaped market capacities for parties involved. BFG's approach seems tactical, considering historic successes and innovative aspirations aligned with market trends.

Despite the formalities outlining this transaction, BFG's strategic focus comes as a partially adaptive move aimed at harnessing similar alignments witnessed in previous mergers across the financial sector, providing a fresh lens on market expansion and operational efficiency strategies.

The original report and details of this acquisition were covered by the Australian Financial Review, adding a dimension of credibility and depth to BFG's keenness on executing this strategic venture.

Published:Monday, 25th Nov 2024
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

December Sees Decline in Used Car Sales and Values, Reports AADA
December Sees Decline in Used Car Sales and Values, Reports AADA
19 Dec 2025: Paige Estritori
The Australian Automotive Dealer Association (AADA) has released its December 2025 Automotive Insight Report (AIR), revealing a notable downturn in the used car market. After a period of oversupply, the market experienced a 3.8% reduction in listings, bringing the total to 322,532 vehicles. Despite this decrease in supply, sales figures declined more sharply by 8.1%, totaling 181,724 units for the month. - read more
RBA Maintains Cash Rate at 3.60%, Hints at Future Increases
RBA Maintains Cash Rate at 3.60%, Hints at Future Increases
11 Dec 2025: Paige Estritori
The Reserve Bank of Australia (RBA) has decided to keep the cash rate steady at 3.60% during its final policy meeting of 2025. This decision comes amid rising inflation, which reached 3.8% in October, surpassing the RBA's target range of 2-3%. The central bank has indicated that if inflationary pressures persist, future rate hikes may be necessary. - read more
ASIC's Review Highlights Concerns in Car Finance Practices
ASIC's Review Highlights Concerns in Car Finance Practices
11 Dec 2025: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of the motor vehicle finance sector, uncovering significant issues that raise concerns about responsible lending practices. The findings indicate that some consumers are being subjected to exorbitant fees and are defaulting on their loans shortly after approval. - read more
Bank Australia Shifts Focus to Electric Vehicle Financing
Bank Australia Shifts Focus to Electric Vehicle Financing
11 Dec 2025: Paige Estritori
In a bold move towards environmental sustainability, Bank Australia has ceased offering loans for new petrol, diesel, and hybrid vehicles as of February 2025. This policy change aligns with the bank's commitment to achieving net-zero carbon emissions by 2035. - read more
ASIC's Review Highlights Concerns in Car Finance Practices
ASIC's Review Highlights Concerns in Car Finance Practices
03 Dec 2025: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the nation's motor vehicle finance sector, uncovering significant issues that raise concerns about responsible lending practices. The findings indicate that some consumers are being subjected to exorbitant fees and are defaulting on their loans shortly after approval. - read more
Click for more Finance News


Car Loans Articles

Understanding Car Loan Refinancing in Australia: When Is It the Right Move?
Understanding Car Loan Refinancing in Australia: When Is It the Right Move?
Car loan refinancing involves replacing an existing car loan with a new one, usually to lower the interest rate, reduce monthly payments, or modify the loan term. In Australia's fluctuating economic landscape, refinancing can be a strategic financial decision for borrowers looking to adjust their finances to more favorable terms. - read more
5 Critical Steps to Take Before Applying for a Car Loan in Australia
5 Critical Steps to Take Before Applying for a Car Loan in Australia
Stepping into the world of auto financing can be as daunting as it is exciting. The commitment of a new car loan demands more than just desiring your dream car; it necessitates a balanced budget and a solid financial plan. Understanding how to prepare before signing on that dotted line is not only wise, it’s imperative for your financial health. - read more
5 Strategies for Balancing Your Budget with a New Car Loan
5 Strategies for Balancing Your Budget with a New Car Loan
With the excitement of purchasing a new vehicle, the financial responsibilities that come with a new car loan can often be overlooked. Balancing your budget when you have taken on a new car loan is crucial to financial well-being and long-term happiness with your purchase. In this article, we will explore five practical strategies that can help you navigate the common financial challenges that accompany car loans. - read more
Your Car Loan Journey: From Application to Approval
Your Car Loan Journey: From Application to Approval
In this article, we are embarking on a guided journey that we believe will help immensely in navigating the intricacies of the car loan process. - read more
The Complete Checklist for Choosing a Car Loan Provider in Australia
The Complete Checklist for Choosing a Car Loan Provider in Australia
Finding the right car loan in Australia can be just as critical as selecting the car itself. Car finance, though a common undertaking, involves nuanced decisions that can have a significant impact on your financial future. - read more


Need Help Finding a Loan?
Get a free car loan eligibility assessment and compare offers tailored specifically to your circumstances.

Let's help find your car loan!

Loan Amount:
Postcode:
All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.
All finance quotes are provided free (via our secure server) and without obligation.
We respect your privacy.

Knowledgebase
Loan Amortisation Schedule:
This is the formal name for the repayment schedule that shows each of your mortgage payments with a breakdown of how much is applied to principal and how much is applied to interest.


This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.
IMPORTANT: We do not provide financial product advice or credit assistance. We act solely as an introducer and refer enquiries to licensed third-party intermediaries, insurers, and lenders - with whom you can then deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.