Shadforth expands into SA
|
|
Shadforth Financial Group has continued its expansion of the ‘Best Advice Project’ with the acquisition of Walmsley Halligan, a South Australian based financial planning practice.
This move follows the merger of its original 12 fee-based advice firms in 2008, as well as a number of smaller purchases undertaken in the last 12 months.
According to Shadforth Group head Tony Fenning, the company is looking to extend the project with the selective acquisition of “like minded, complementary businesses”.
“We are in continuing discussions with a select number of high-quality firms [that] are seeking access to our Best Advice fee-based client service offer, adviser support services and succession strategies as part of the revolution going on in our profession,” Fenning said.
Shadforth said its “focus on quality strategic advice, rather than a disguised selling of products” makes it attractive to both clients and advice practices.
The group has over $8 billion of client funds under advice serviced by 110 advisers in 15 locations.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
