Joint Statement by Baillieu Limited Chairperson David Trude and Managing Director Gavin Powell

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E.L. & C. Baillieu Limited - Company Update

We are pleased to announce that we have entered into an agreement for E.L. & C. Baillieu Limited to be acquired by Ord Minnett, a leading privately owned Australian wealth management group. With origins dating back to 1872, Ord Minnett provides full-service stockbroking, financial planning, funds management and portfolio services and has more than $35 billion in funds under management.

There are many similarities between our two businesses including our values, tradition, heritage and history of wealth management expertise and experience. Ord Minnett has an outstanding reputation and a strong focus on building long-term client relationships based on trust. This opportunity capitalises on the strengths and capabilities of both businesses to provide ‘best-in-class’, comprehensive investment and wealth management services to enable our clients to achieve their financial goals.

It will be “business as usual” for our clients – there will be no change to the relationship we have with you. E.L. & C. Baillieu Limited will still operate under that name, and your existing adviser and their support team will continue to provide you with the high level of service and advice you have come to expect. This is an exciting new chapter in the evolution of E.L. & C. Baillieu Limited and as the integration of the two businesses evolves, we look forward to sharing the expanded opportunities of the combined businesses with you.

Please contact your adviser if you have any questions.

E. L. & C. Baillieu Covid-19 Update

 

 

Dear Clients,

The COVID-19 virus is impacting our society in ways not seen for generations. Our first priority is everyone’s health and safety, so we hope you and your loved ones are coping well. We also understand that recent market volatility causes concern.

In responding to these fast-changing risks, EL&C Baillieu has proactively implemented measures to protect the health of our staff, clients and the wider community. Most staff are now working from home. We have cancelled meetings at all of our offices. They will be conducted by telephone, virtual connect technology, such as Skype, moved to an external venue, or rescheduled. All non-essential travel has been postponed.

We would like to reassure you we continue to provide advisory and transaction services for all our clients. We understand it is important to be able to talk to your adviser during these challenging times. For example, you may read research and media articles about certain companies. In this rapidly changing environment, it is important that you discuss any potential opportunities with your adviser before acting.

While working remotely from home advisers do not have access to a receptionist or their colleagues to take overflow calls when they are on the phone. We ask for your patience and understanding if your adviser is not able to answer your call immediately and ask that you either leave a voice message or send an email to your adviser and they will return your call.

EL&C Baillieu has been around since 1889, and during that time has witnessed many events that have disrupted markets and we will continue to help you through these challenging times.

We thank you for your ongoing support.

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