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
Numbers are in for 2024, with Wealth Data confirming how many advisers left during the calendar year and which business models saw the largest growth in terms of new licensees.
Praemium has seen its highest net inflows in over two years for Q2 FY25 as its Powerwrap platform returns to inflows after five consecutive quarterly outflows.
Insignia Financial has announced total quarterly net inflows of $2.3 billion as well as a third bid from Bain Capital.
As DBFO reforms around fees take effect, Adviser Ratings explores how advice businesses can adopt more transparent and client-centric pricing models in 2025.
