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Advice firm acquired by SMSF company

A South Australian specialist SMSF company has acquired a 100 per cent stake in a financial services company, in a move intended to "significantly strenghten" its financial planning business.

In a statement released today, SMSF firm Exelsuper announced it has acquired Adelaide-based Oxford Financial Services. 

“We identified Oxford as a great fit for Exelsuper as their philosophy has also been built on fierce independence and uncompromising values,” said Chris Harris, Exelsuper chief executive officer.

“We have completely integrated the Oxford business into Exelsuper, including all directors and advisers, which reinforces our financial planning offering in addition to our focus on helping people set up and administer self-managed superannuation funds.”

“Exelsuper continues to service the growing self managed superannuation fund market place, with its independent offering allowing clients to access specialist SMSF administration, advice, investment and insurance services all in one location.”

Both directors and all three financial advisers of Oxford Financial Services joined Exelsuper as part of the acquisition, according to the statement.