Lachlan dealer group in merger
Lachlan Wealth Management’s authorised representative, PMG Group, has merged with Melbourne financial and accountancy business, Collins House Financial Services.
Under the agreement, Lachlan Partners, as the new entity is named, will retain all of Collins House’s total staff complement of six financial advisers, 11 accountants and a number of support staff.
Lachlan Wealth Management will also license three Collins House financial advisers that partner with clients considered to have “complex SMSF and life insurance” needs.
New Lachlan Partners group managing partner Philip Pezzi described the merger as a “next step to support Lachlan Partners’ aim to become a holistic professional services provider”.
“By providing financial and accountancy advice in one place, we’ve created a more streamlined process, bringing both time and cost efficiencies through sharing information among our various teams.”
The new business is “also fortunate to be able to draw upon the expertise and strong reputation of Lachlan Wealth Management”, he added.
“As professional services disciplines are often interlinked, this approach makes sound business sense and we see it providing substantial benefits to clients.”
The merger follows a similar deal by PMG Group in April last year, when it acquired accountancy and auditing business Smith, Peacock and Henshaw (SPH).
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