Eureka Whittaker Macnaught acquires practice
Eureka Whittaker Macnaught has acquired Ken Mann’s financial planning practice at Erina on the New South Wales’ (NSW) Central Coast.
Thanks to the acquisition, the company said it managed to add its third office to its business, as both Eureka and its new practice are licenced with Financial Wisdom.
Eureka, which currently has nine financial advisers in a team of 21 employees with offices in Sydney, Brisbane and NSW Central Coast, offers financial advice for every stage of the life cycle, including investment strategies, aged care advice, self-managed superannuation fund (SMSFs) services and life risk services.
In 2013, Eureka merged with Whittaker Macnaught and in 2015 it became the founding Australian firm of AZ Next Generation Advisory.
Eureka’s chief executive, Greg Cook said: “We are on a strong growth path – both organic and through acquisition.”
“Our strong balance sheet allows us to make these acquisitions with little risk and practice principals like Ken know our acquisition process will be very professional, their clients will be in great hands, and their legacy respected.
“Over the next few months Ken will be introducing the clients to the new advice team at Eureka Whittaker Macnaught.
AUTHOR
Oksana Patron
Recommended for you
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
Betashares has named the top Australian suburbs with the highest spare cash flow, shining a light on where financial advisers could eye out potential clients.
A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 for a client.
