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

ASIC's Review Highlights Concerns in Car Finance Practices
ASIC's Review Highlights Concerns in Car Finance Practices
12 Jan 2026: 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
Allied Credit Strengthens Position with Macquarie Loan Acquisition
Allied Credit Strengthens Position with Macquarie Loan Acquisition
12 Jan 2026: Paige Estritori
In a significant development within the Australian financial sector, Allied Credit has announced the acquisition of a substantial portion of Macquarie Group's car loan portfolio, valued at $1.5 billion. This strategic move is set to bolster Allied Credit's position in the car finance market and expand its customer base. - read more
ASIC's Review Focuses on Car Finance Practices in Regional and First Nations Communities
ASIC's Review Focuses on Car Finance Practices in Regional and First Nations Communities
12 Jan 2026: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has initiated a comprehensive review of the motor vehicle finance sector, with a particular focus on practices affecting consumers in regional and remote areas, including First Nations communities. This initiative seeks to enhance consumer protections and ensure fair lending practices across all demographics. - read more
ASIC Calls for Improved Consumer Safeguards in Car Finance Sector
ASIC Calls for Improved Consumer Safeguards in Car Finance Sector
04 Jan 2026: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of the motor vehicle finance sector, uncovering significant issues that adversely affect consumers. This investigation was initiated in response to a surge in complaints regarding high costs associated with car financing. - read more
Bank Australia Ceases Financing for New Fossil Fuel Vehicles
Bank Australia Ceases Financing for New Fossil Fuel Vehicles
04 Jan 2026: 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
Click for more Finance News


Car Loans Articles

The Role of Loan Terms in Car Buying: Flexibility Explained
The Role of Loan Terms in Car Buying: Flexibility Explained
When it comes to buying a car, understanding the loan terms is just as essential as choosing the right make and model. The terms of a loan can significantly affect your financial journey beyond just the asking price. In a marketplace brimming with attractive deals, comprehending these terms can be your greatest asset, ensuring you drive away with a well-suited financing plan. - read more
From Fuel to Finance: A Comprehensive Breakdown of Car Costs
From Fuel to Finance: A Comprehensive Breakdown of Car Costs
When it comes to owning a car in Australia, many of us view it as a symbol of freedom, an essential convenience, or even a reflection of our personal style. Yet, for all the road trips planned and errands run, the cost of owning a car extends well beyond the sticker price. - read more
The Essential Guide to Securing Affordable Car Finance in Australia
The Essential Guide to Securing Affordable Car Finance in Australia
Finding an affordable car finance option can make the dream of owning a vehicle a tangible reality for many Australians. It’s about understanding the intricacies of the loan market, interest rates, and finding a plan that aligns with your financial prospects and constraints. In a society built on the convenience of mobility, securing a car that meets both your needs and your budget is essential. - read more
Navigating Car Finance: How to Choose a Loan That Works for You
Navigating Car Finance: How to Choose a Loan That Works for You
Buying a car is a significant financial decision, and for many, it means exploring the world of car finance. In Australia, the options are plentiful, and understanding them is key to making an informed choice. Car finance can seem daunting, with various loan types, interest rates, and repayment plans to consider. But fear not – a clear understanding of these options can steer you towards a deal that complements your financial circumstances. - read more
Fixed vs. Variable Interest Rates: Which Car Loan is Right for You?
Fixed vs. Variable Interest Rates: Which Car Loan is Right for You?
Purchasing a car is a major financial decision for many Australians, and it often involves securing a loan. With numerous options available, navigating the car loan landscape can be overwhelming. Understanding your choices is essential for finding the loan that best suits your needs. - 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
Balloon Payment.:
A large loan repayment made in order to clear a debt. Usually applied to a short-term fixed-rate loan, which involves small payments for a certain period of time with one large payment for the remaining amount of the principal at a time specified in the future.


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.