Prime Financial Group Ltd (Prime) is an Australia-based company engaged in the wealth management services including: financial planning, investment advice, life insurance, asset protection advice incorporating legal services, superannuation, including self managed superannuation and accounting services. During the fiscal year ended June 31, 2012, Prime launched two main new services for its clients: legal services as part of asset protection advice, and the Prime managed portfolio service (Prime MPS). On 12 October 2011, Prime acquired the remaining 50% equity in Lym Securities Pty Ltd (Lym), therefore, increasing Prime�s equity to 100% in the Lym Financial Planning entity. On 9 May 2012, Prime acquired the remaining 50% equity in Prior & Co Financial Services Pty Ltd (Prior), therefore, increasing Prime�s equity to 100% in the Prior Financial Planning entity. The Company�s subsidiaries include Beksan Pty Ltd and Prime Development Fund Pty Ltd (PDF).