This acquisition was the result of IOOF’s agreement with National Australia Bank (NAB) to purchase NATL and its other trustee businesses.
IOOF managing director Christopher Kelaher commented on this development, saying that the company is excited with the benefits that the acquisition will bring to the clients and advisers of AET and NATL.
“The acquisition further reinforces IOOF’s commitment to providing advisers and their clients with professional estate and trustee services as part of our holistic approach to wealth management planning,” Mr Kelaher added.
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IOOF will be getting in touch with NATL customers regarding this ownership change.
