The price consideration is based on the company’s estimates, which represents a 16 times price to earnings ratio for FY2025 and 12 times for FY2026.
iFast Corporation will acquire a 30% stake in Financial Alliance Corporation, the holding company of Financial Alliance, for $19.58 million.
The acquisition company is a licensed financial adviser and capital markets services licensee, with over 450 financial advisory representatives. It has been a longstanding business partner of iFast, says the group.
