Clime Investment Management Limited (ASX:CIW) agreed to acquire MTIS WEALTH MANAGEMENT from Pauline Hammer and Anna G for AUD 7 million on May 19, 2022. The acquisition price will be paid in three stages with a first payment on July 1, 2022, and two further payments (subject to agreed adjustments) over the next 2 years. The acquisition will be funded from existing cash reserves. The deal is expected to close on July 1, 2022.

Clime Investment Management Limited (ASX:CIW) completed the acquisition of MTIS WEALTH MANAGEMENT from Pauline Hammer and Anna G on August 14, 2022. The MTIS and CIW teams have collocated to create a full-service wealth office in Melbourne. MTIS account portfolios will be managed by the CIW investment team under the Ralton Asset Management SMA service, led by our CIO, Will Riggall.