WLM Financial to merge with McGrath Business Advisory
Founder of McGrath Business Advisory Dan McGrath will join WLM Financial ahead of the merger between the two firms.
WLM Financial, which provides financial planning and accounting services, has announced the merger, which should be completed towards the end of 2012.
McGrath will join the company in July as associate director and will work on the accountancy side of the business, before joining the board as a director and equity holder upon the completion of the merger.
"The merger provides Dan with scale and infrastructure to allow him to focus on his core strengths of servicing clients and building the business, whilst giving WLM additional resources to further develop the depth and range of services WLM provides," the company stated.
McGrath previously worked with KPMG in London and Edinburgh before moving to WalterTurnbull, which was later acquired by PriceWaterhouseCoopers.
He then established McGrath Business Advisory, which will be formally merged with WLM during 2012-13.
Recommended for you
A former Northern Territory financial adviser has received a seven-year ban from ASIC, having been convicted of supplying dangerous drugs and receiving or possessing the proceeds of their sale.
Both Bain Capital and CC Capital have made revised bids for Insignia Financial after completing a period of due diligence.
The advice industry has reached triple-digit gains for the calendar year to date, with two licensees seeing gains of five during the week.
Targeting market leadership in digital advice, Bravura’s digital solutions are now available to over 6 million superannuation fund members.
