Stanford Brown buys Godfrey Pembroke advice firm

acquisition/Stanford-Brown/Jonathan-Hoyle/advice-firm/advice-business/Godfrey-Pembroke/

4 December 2019
| By Oksana Patron |
image
image
expand image

Sydney-based private wealth firm, Stanford Brown has acquired Godfrey Pembroke advice business, World Square Financial Services.

The acquisition, which would be expected to take Stanford Brown’s client funds under management to close to $1.5 billion, was a part of the strategy aimed at achieving balance between organic growth and acquisitions that would provide retiring principals an opportunity to transition their clients, the firm said.

Stanford’s chief executive, Jonathan Hoyle, described World Square as a “quality advice firm centred around high-touch customers service”

“We are very excited by the opportunity to be working with his clients,” he said.

World Square’s principal, Robert Wiggins, added: “They have a wonderfully young and vibrant culture; one to which my clients will relate well. Their philosophy of holistic and heroic client service is one that is closely aligned to my own.”

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?...

1 month 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 ago

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

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS