Deakin continues spending spree
Listed financial services group Deakin Financial Planning has continued its spending spree with the acquisition of WA-based Enhanced Remuneration Services.
Listed financial services group Deakin Financial Planning has continued its spending spree with the acquisition of WA-based Enhanced Remuneration Services.
Under the terms of the deal, Enhanced will change its name to Deakin Salary Packaging and will roll out its remuneration, consulting and administration bureau expertise throughout the Deakin network.
John Miglore will take the helm at Deakin Salary Packaging with a brief to seek out synergies with Deakin’s financial planning business.
A series of acquisitions over the past two years has made Deakin one of Australia’s largest financial planning groups, with more than 500 advisers. The group is seeking further opportunities to grow the number of advisers in the dealer group through acquisitions. About three months ago, Deakin’s parent Pacific Rim Investments purchased another WA-based group, Personal Financial Planners which added 10 advisers to the 100 who formerly made up the Platinum Group, another Pacific Rim acquisition.
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