SMC Entertainment Inc (SMCE)

[oldstocks]

Crashing right thru pennyland this week would be great! Genesis Finacial is what should get us there.
Old news before SMCE bought Genesis:
GENESIS FINANCIAL, INC. COMPLETES ACQUISITION OF BEACON GROUP COMPANIES
New York, July 07, 2020 (GLOBE NEWSWIRE) -- Genesis Financial, Inc. announced today that it successfully completed its acquisition of Beacon Group Companies (renamed The Financial Link Group) on June 30, 2020. The Financial Link Group (TFLG) is an Australian-based nationwide dealer group formed to fill the gap between the institutionally owned dealer groups and the small dealer groups that emerged following implementation of Future of Financial Advice (FOFA) regime by Australia’s Parliament in 2012. TFLG’s business model is designed to enable authorized representatives to work for an independent dealer group without having to take on their own risk through acquiring their own financial services license. In July 2015, TFLG successfully acquired and merged with a third dealer group and now represents approximately 120 plus authorized representatives, AUD$1.2 billion (USD$850 million) in funds under management (FUM), AUD$50 million (USD$35 million) in a premium in force (PIF) and gross revenue of AUD$19 million (USD$13.5 million)
TFLG will look to expand by onboarding authorized representatives that are looking for a company with a strong compliance regime and support team.
“The acquisition of Beacon Group Companies represents the next stage of evolution of Genesis Financial. TFLG has a long and respected history in the financial and annuity industries. TFLG's size, scale, and financial strength provides Genesis with strategic advantages to grow and capitalize on organic and inorganic growth opportunities. We expect continued growth with the acquired business as a platform.”