Sentry continues growth strategy
Sentry Financial Group has acquired a 50 per cent interest in the Western Australian financial planning group Planwise Financial Services, increasing its authorised representatives to 143 and continuing its national growth strategy.
Sentry chief executive Murray Hills said the dealer group would continue to support the succession plans of its advisers and practice managers who wanted a smooth process to help them exit the industry, and would ensure continuing business activity, service and support for departing advisers’ clients and staff.
“We are confident that Planwise will continue to grow and the Sentry management team will work … to improve the business and capitalise on future growth and marketplace opportunities.”
“Sentry has clear and assertive growth objectives and will continue to pro-actively seek acquisition opportunities. We will also support our adviser network to increase the value of their business by implementing practices and processes that enhance their operational efficiency, profitability and client offering,” Hills said.
Recommended for you
Professional services group AZ NGA has made its first acquisition since announcing a $240 million strategic partnership with US manager Oaktree Capital Management in September.
As Insignia Financial looks to bolster its two financial advice businesses, Shadforth and Bridges, CEO Scott Hartley describes to Money Management how the firm will achieve these strategic growth plans.
Centrepoint Alliance says it is “just getting started” as it looks to drive growth via expanding all three streams of advisers within the business.
AFCA’s latest statistics have shed light on which of the major licensees recorded the most consumer complaints in the last financial year.
