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Bendigo and Adelaide expands wealth business

Bendigo and Adelaide Bank announced yesterday that it had acquired a Melbourne financial planning company, AIM Financial Services. The bank launched a new division, Bendigo Wealth, in April, saying it wanted to "manage a greater share of the growing Australian managed investment pool."AIM, which will be called Bendigo Financial Planning, has 1600 clients.The bank said in a statement that the acquisition was designed to improve the level of service in its financial planning business.

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