Magellan Financial Group (ASX:MFG) has completed its investment in FinClear Holdings.
FinClear is a leading a provider of technology, trading infrastructure, and ASX market-access services to wealth, stockbroking, platform, and fintech customers.
Magellan’s investment comprises $20 million for around 16 per cent shareholding (fully diluted) and will have a representative on the Board of FinClear.
Magellan Financial Group (ASX:MFG)
are trading 1.6 per cent lower at $56.64.