SMC Genesis Financial shareholder update on USA Expansion

Charleston, SC, Feb. 07, 2022 (GLOBE NEWSWIRE) — SMCE and its wholly owned subsidiary Genesis Financial are activity seeking acquisition opportunities within the USA. The Company recently engaged a banker to find accretive acquirable US based opportunities. SMCE has signed two term sheets and is currently conducting extensive due diligence on the potential acquisitions. It is expected that financial close of the initial transactions will occur within 60 days

After completing the successful acquisitions SMC/Genesis will have approximately AUD$2 billion of funds under management. Each acquisition we have identified both in Australia and the US is targeted to increase the FUM and FUA as well as the access to distribution and product pipeline both domestically and cross border. The integration of businesses in both territories is expected to increase the potential for funds management and capital markets business considerably.

Erik Blum President of SMCE stated “Distribution is core to the expansion of our USA business and has been our immediate focus. The correlation between funds under management and expansion of growth is a key advantage when commencing a fund management business. The acquisitions will provide us a greater speed to market, while building FUM and allowing direct access to our platform.”

We are committed to the continued structure of our business to enable SMCE to be recognized as a significant player in the financial services sector and one of the few enterprises that has a Aust/USA coverage” said Chuck Provini, our Chairman.

Linking the USA to Australia

Australia and the United States are trusted trade and investment partners conducting US$65 billion in two-way trade and an investment relationship valued at US$1.1 trillion. Several factors promote US/Australia investment activity that SMCE Genesis Financial is positioned to capitalize on. Macro factors promoting Australia investment into the US include. 

· 27 years of uninterrupted economic growth -Australia’s strong, diverse and growing economy adds up to more opportunities. 

· Institutional strength – Strong institutions, an exceptional services sector and an ability to respond to global change. 

· World-class innovation – Australia supports world- class, globally significant research and development opportunities. 

· Investment focused – Superannuation system plus returns from mining and property have increased the Australian investment pool.

Australia a Gateway to the Asian Markets 

Australia is also well-positioned in the world’s fastest growing region, the Asia-Pacific. With strong trade links, strategic location, a favorable time zone and a highly educated, multilingual workforce, Australia is uniquely positioned as a location to do business in the Indo-Pacific. 

US investment comes to Australia to invest in Asia-Pacific and Asian/Australian investment goes to the US to invest in opportunities in the world’s financial capital. 

About Genesis Financial, Inc.

Genesis, with 23 employees under its purview along with 120 financial consultants, advisors, and representatives, is a fully integrated financial technology company with a full suite of digital financial services solutions. Genesis, focusing on fintech-powered wealth management services, operated its business through two Australian regulated entities in wealth management, tax and accounting advisory services. The two operating subsidiaries are the Ballast Group and The Financial Link Group. For more information, visit and

The Australian Wealth Management industry has over 25,000 financial advisors managing 2.2 million investors. The annual fees generated by the Wealth Management industry is close to $3.9 billion. According to AITE (2020) at least 10 million adults are underserved or not served at all by the Australian Financial Advisors. Genesis has firmly positioned itself to acquire and consolidate to expand in Australia’s fragmented Independent Dealer Group business sector.

About SMC Entertainment, Inc.

SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (fintech) companies. SMC’s multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity. For more information on SMC, visit

Press Release Contact:

Erik Blum


SMC Entertainment, Inc.

[email protected]

Safe Harbor Statement

This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, members of its management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.






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