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Storm client book sale unaffected by liquidation

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Storm's client book sale will not be affected by liquidation moves.

The sale of collapsed advisory group Storm Financial's client book will not be affected by the firm being placed into liquidation.

In an email to Kenyon Prendeville director Stephen Prendeville, Storm's receiver and KordaMentha partner Bill Buckby confirmed the sale of the client book would proceed.

"I am the receiver and manager of Storm and have instructed you to sell the client book," Buckby's email said.

"The administrators Worrells have nothing to do with the assets of Storm, including the sale of the client book, even if they become the liquidators. ASIC's actions have nothing to do with the sale of the client book."

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KordaMentha placed the client book of 10,230 clients in the hands of financial planning business broking specialists Kenyon Prendeville in late February.

More than 60 businesses have shown serious interest in the book of clients, according to Prendeville.

The interested parties are located in Townsville, Cairns, Rockhampton, Mackay, Redcliffe, Brisbane, Sydney and the Gold Coast, he said.

Expressions of interest for the Storm client book closed on Friday.

ASIC filed for Storm to be placed in liquidation late last Wednesday.

Late last Thursday, Storm's wholly-owned subsidiary, Victorian Families Retirement Investment Group, was placed in provisional liquidation.