Lachlan Partners merges with former PIS licensee DBS Associates
Advice and wealth management firm Lachlan Partners has merged with DBS Associates, a boutique wealth management firm previously licensed through PIS.
The merger with DBS Associates, which provides wealth management as well as tax and business advisory services, would expand Lachlan Partners’ footprint in the Sydney market, according to group managing partner Philip Pezzi.
Pezzi said the merger would further enhance his 2006 vision of creating a multi disciplinary firm that could provide an all-round professional services solution to clients.
Lachlan Partners provides taxation, business advisory, wealth management, audit, legal, property advisory and investment management services.
DBS Associates principal Donald de Boer has been appointed as a partner of Lachlan Group.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
