Merger creates new accountancy practice
Advisory firm Centric Wealth has merged with two other firms to create a new accounting and tax services business called GMK Centric.
The other merged entities, Gaddie Metz Kahn, an independent accounting firm, and Myers Business Partners, a family office and accounting practice, service the high-net-worth segment of the market in Melbourne and Sydney, respectively.
Total assets under advice of the merged group amount to more than $4.8 billion, with a total of 300 staff across offices in Melbourne, Sydney, Brisbane and Canberra.
Centric Wealth joint chief executive Michael Pillemer said all three businesses shared common values, target clients and business models, making the merger a perfect strategic fit.
“Our model is about integrating businesses into a single advisory business, which has proven to be a successful formula,” he said.
“This merger is about bringing together three complementary, successful businesses and completes the circle for our full service offering.
“It secures an important footprint into the Melbourne market, and enhances our high level family office capabilities.”
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