Another tuck-in for WHK

accounting/

3 June 2010
| By Lucinda Beaman |
image
image
expand image

One of WHK Group’s Western Victorian members firms has acquired accounting and financial services firm Garfield Mayall in a tuck-in acquisition.

Garfield Mayall is a two-partner business with 11 staff, funds under advice of approximately $20 million and annual revenue of approximately $1.3 million.

WHK said the acquisition of the Werribee-based business expands its presence in the “fast growing Werribee/Point Cook region between the two major Victorian cities of Melbourne and Geelong”. WHK also has firms in the two major cities.

The acquisition was made for an undisclosed cash amount. WHK said total acquired revenue in the current financial year was now about $7 million. The listed group is seeking to expand its core member firms into major, large-scale businesses through acquisitions.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 3 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 1 day ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

2 weeks 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND