Henderson Maxwell acquires Maven Financial
|
|
Financial planning firm Henderson Maxwell has acquired Maven Financial.
The acquisition was confirmed today and will see Maven Financial managing director Andrew Bowring and two support staff coming under the Henderson Maxwell umbrella.
Announcing the move, Henderson Maxwell chief executive Sam Henderson said Maven's funds under management of $85 million would make Henderson Maxwell one of the larger boutiques, with eight advisers, offices in Sydney and Melbourne and around $250 million in funds under management.
"Bringing Andrew and his team into our Sydney office has been very successful with immediate synergies and a great blending of expertise," he said.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
