NEWS UPDATE: Prosperity merges with Queensland firm, doubles numbers

chief executive

2 October 2008
| By By Benjamin Levy |

Prosperity Advisers is merging its Queensland office with Cansdale and Co, a specialist accounting and business advisory firm to small and medium-sized companies, doubling its staff to more than 160 across Brisbane, Sydney, and Newcastle.

Chief executive of Prosperity, Allan McKeown, said that the large baby boomer demographic in Queensland would create new business ventures and retirement schemes that Prosperity was well placed to take advantage of, and Cansdale would provide a strong growth platform for Prosperity’s business.

“The decision to partner with a specialist SME practice such as Cansdale was largely driven by the strong macro-economic fundamentals underpinning the opportunities for professional service firms working within the Queensland SME (small to medium-enterprise) economy,” McKeown said.

The acquisition will include Cansdale Management Services, which provides outsourced back-office administration services such as handling financial transactions, database design, and client investment reporting systems for boutique investment funds managers and high-net-worth individuals.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

4 days 21 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 week 2 days ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

4 weeks ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

3 weeks 2 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

1 week 1 day ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

1 week ago