Days after abandoning a bid for compliance and technical services company Diverger, COG Financial Services has bought a strategic stake in Centrepoint Alliance. COG announced on Friday that it has acquired 19.9 per cent of Centrepoint for A$13 million. The seller was Clearview Wealth. COG is a leader is commercial finance broking and aggregation. It also has equipment finance and leasing businesses. Its recent moves show it is diversifying into the wealth management market. Diverger provides compliance, technical and consulting services to accountants and financial planners. In September, Diverger entered a scheme of arrangement with Count Ltd, which operates complementary businesses. Earlier this month COG launched a higher bid for Diverger but withdrew it last week, after it formed the view that Diverger’s large shareholders were unlikely to favour its bid. Centrepoint Alliance provides services to financial advisers. It has more than 500 authorised representatives operating under its Australian financial services licence and 196 self-licensed practices subscribing to its services.