Stanford Brown expands into accounting
Wealth management group Stanford Brown is expanding further into the accounting space.
The company has announced its purchase of local accounting business, Clem Hill and Associates, along with the recruitment of senior Deloitte executive, Dean Crossingham to lead the new accounting business.
Commenting on the move, Stanford Brown chief executive, Jonathan Hoyle said the acquisition fulfilled a long-held ambition to offer clients tax and accounting services.
“Due to rapid advances in cloud-based technologies, a much tighter regulatory environment and the increasing prevalence of cyber fraud, we are firmly of the view that financial planning and accounting services belong under the same roof,” he said.
Recommended for you
With regional and rural suburbs exhibiting high spare capacity to invest, Money Management speaks to three regional advisers on the opportunities beyond the major cities and the importance of a strong network.
Platform consolidation is expected to accelerate among financial advisers this year, as software company Finura pinpoints which two platforms are set to be the winners, thanks to this trend.
The software provider has made several appointments in its APAC wealth propositions team, with a focus on driving growth across digital advice, Xplan and strategic partnerships.
The platform has announced it plans to close its Xplore managed discretionary account service in 2026 which holds $2 billion in funds under administration.
