Accent develops Canberra lingo
By John Wilkinson
ACCENT Investment Services has begun its national push with the acquisition of Canberra-based dealer group Ray Carnall Financial Services.
The move will lift Accent’s funds under advice to more than $600 million and give the Melbourne-based group a foothold in Brisbane and Melbourne where Ray Carnall also has offices.
Accent managing director Robert Neill says the acquisition was both a strategic and cultural fit for the organisation.
“There are clear similarities between the businesses, such as client demographics, approach to client service and commitment to quality business systems.”
The principal of the Canberra-based group will stay on for a further 12 months during the transition period.
Neill says the existing offices will operate initially under the Ray Carnall banner, but eventually will become Accent-branded offices.
“Accent is absolutely committed to continuing the client-focused service philosophy that Ray Carnall has delivered to its clients for more than 14 years,” he says.
Accent now has 50 staff and the expanded operation will continue to be managed from Melbourne, with management representatives in each state.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.