SEARCH

SFG abandons WHK merger bid

SFG Australia has withdrawn its proposal to merge with WHK Group, but will stay committed to a business model that converges accountants and financial planners. 

In a statement to the Australian Securities Exchange, SFGA announced it has withdrawn the proposal for a friendly scrip based merger, following discussions with WHK leadership.

However, it is open to considering a revised proposal "once the parties are in a position to review each other's full year FY13 performance and FY14 outlook," the statement said.

In announcing the decision, SFGA reiterated its views on the convergence of the financial planning and accountancy professions.

"SFGA remains of the view that the convergence of financial advisors and accountants will continue and that a combined SFGA and WHK would be uniquely positioned to provide enhanced services to these clients," it said. 

Advertisement
Advertisement
style="display:none">
SFG abandons WHK merger bid
default
ifa logo

 

The ifa Excellence Awards are back in 2021 and nominations are now open! This prestigious accolade recognises exceptional professionals within the financial advice industry, shining a light on the outstanding achievements from the nation's best and brightest. If this sounds like you or someone you know, then nominate today for the ifa Excellence Awards 2021!

news
0 commentsjoin the conversation
news

latest news

Subscribe to the ifa bulletin

Receive daily online news,analysis, reports and business strategies
By signing up you agree to our Terms of Use and Privacy Policy

Website Notifications

Get notifications in real time and stay up to date with content that matters to you.