South Australian advice firm makes acquisition
Adelaide financial planning firm Retirement Strategies has been acquired by Calder Wealth Management (CWM).
The firm was founded in 2002, while CWM was founded 50 years ago.
The two businesses said there is a “unique alignment” in how the two South Australian firms are run as well as in its shared values.
Ben Cheney, director of Retirement Strategies, said the decision to sell was taken as the “time was right” for him to transition away from financial advice after a decade. He will remain available to provide consultancy support throughout the transition, and his team will move across to CWM to maintain consistency with clients.
“Leading this company has been an incredibly rewarding experience and I am grateful for the relationships I’ve built with more than 300 family groups over the years.
“The decision to step away for personal and family reasons has not been made lightly and comes with a mix of emotions, but I do it with full confidence that my clients will continue to receive top advice and support through Calder Wealth Management.”
CWM managing director Ben Calder said: “This is the coming together of two highly respected, family owned South Australian financial advisory businesses that share a rich history. Most importantly, we both focus on building long-term relationships with clients that are built on trust.
“Both firms share similar cultures, and we have a high value for family, education, excellence, sustainability and also fun, as we work with our clients to set them up for the future they really want.
“We’re proud of our 50-year history and our continued, sustainable growth across South Australia, which enables us to be there for all of our clients whenever and wherever they need us, to help them overcome financial changes, grow their wealth, protect the fruit of their hard work, and leave a lasting legacy.”
Last month, high-net-worth wealth manager Statton Partners announced it was merging with Wilsons Advisory Private Wealth to add to its clients, advisers and client assets.
Wilsons Advisory has a history of over 125 years focused on financial and advisory services with offices across Australia. Meanwhile, Statton Partners was established in 1967 to provide financial and investment advice.
Casimir Skillecorn, head of private wealth at Wilsons Advisory, said: “This merger is a strong endorsement of the strength of our client service capabilities, operating model, and growing presence. We look forward to our teams coming together and excited about the opportunity to expand our reach and breadth of services to Australia’s high and ultra-high-net-worth individuals and family offices.”
AUTHOR
Laura Dew
Recommended for you
As the year draws to a close, a new report has explored the key trends and areas of focus for financial advisers over the last 12 months.
Assured Support explores five tips to help financial advisers embed compliance into the heart of their business, with 2025 set to see further regulatory change.
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
