Retail FX and CFDs broker EBC Financial has announced that the group has received a second ASIC Australian Financial Services Licence (AFSL), for Asset Management. The group’s EBC Financial Group (Australia) Pty Ltd already holds an ASIC AFSL license, from which it operates a CFDs brokerage business.
The new license was issued to EBC Asset Management Pty Ltd, and strengthens the group’s existing offerings. EBC now has the ability to deliver a comprehensive range of investment strategies across asset classes such as real estate, fixed income, equities, and alternative investments, including private equity and venture capital funds.
While allowing for strategic expansion into Australia’s High-Net-Worth market, the company said that the new license empowers EBC to offer specialised services exclusively for wholesale clients globally. These services include general financial product advice on managed investment plans (excluding…
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