Managed Accounts Holdings Limited (ASX:MGP) acquired DIY Master Pty Ltd for AUD 1.5 million on December 19, 2018. AUD 1 million will be paid on completion and the remaining amount will be payable in December 2019, based on the performance by DIY over the next twelve months, to incentivise DIY's management to retain existing clients and continue to grow the business. The acquisition was funded from existing cash reserves. DIY will continue to operate under the existing management and will be transitioned in first quarter 2019. The acquisition will not materially impact Financial year 2019's earnings. Managed Accounts Holdings Limited (ASX:MGP) completed the acquisition of DIY Master Pty Ltd on December 19, 2018.