IRG sells Auckland advisory business to Forsyth Barr

Mon, 03 Sep 2012

Sept. 4 (BusinessDesk) - Investment Research Group, the financial services company that is shedding assets to become a listed shell company, has sold most of its IRG Equity Investment Advisors to brokerage Forsyth Barr. Two of its advisers will transfer to Forsyth Barr and clients will be encouraged to follow, IRG said in a statement. No price was disclosed. Managing director Brent King said the basis of the sale is “an initial deposit with on-going payments based on performance”. IRG will continue to operate the residual of IRG Equity,...

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