Merger sees further growth for Qld advice group

insight/Futuro/

12 May 2020
| By Mike |
image
image
expand image

Queensland-based financial advice business Highfield Group has again grown its planner footprint via a merger with Ausure Financial Services.

The company announced that Ausure had merged with Insight investment Services, part of the Highfield Group which also owns Futuro Financial Services.

It said the merged group would trade as Insight with the merger being part of Highfield’s ongoing strategy to build scale and stay ahead of the market.

The company said in a statement that Highfield Group’s authorised representative numbers would grow to more than 140 nationwide and the group’s funds under advice to more than $2.5 billion.

It said the transaction was settled via an equity swap in Futuro and Insight.

Futuro founding director and managing director Paul Kelly will lead the combined group.

The announcement said key Ausure management and staff, including managing director Callum Mitchener and general manager Jeff Haydn, had come across to supplement the existing Insight and Futuro management team with Mitchener joining the boards of Futuro and Insight to provide additional expertise.

Haydn would take on the role of Insight General Manager.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND