SEARCH

Countplus dealer group makes acquisition

Countplus subsidiary Total Financial Solutions (TFS) has acquired a 49 per cent stake in a $250 million FUA Melbourne-based boutique.

In a statement to the ASX, listed financial services company Countplus has announced that formerly self-licensed firm McQueen Wealth Management has joined its TFS licensee, with MD Angus McQueen pointing to benefits of scale.

“The TFS investment partnership gives us further capacity to expand the business,” Mr McQueen said.

 


“Having been associated with TFS since its foundation 15 years ago, we have grown our businesses together through numerous market ups and downs and multiple periods of massive regulatory change to our industry.

“I can’t think of a better partner to support McQueen Wealth Management into the future.”

The statement also reveals that two additional unnamed practices have joined the TFS licensee, described as a “Sydney-based specialist personal insurance advice business with four advisers and approximately $8 million in in-force premiums” and a “6-adviser financial planning practice based in Melbourne” respectively.

TFS chief executive Phillip Aris said the group’s “institutional independence” is a key attraction leading to the growing popularity of its dealer services, along with a new “equity model to assist with long-term succession planning”.

“We believe we have the adviser model of the future,” Mr Aris said.

The TFS network how has 54 practices representing 95 advisers.

Advertisement
Advertisement

 

Countplus dealer group makes acquisition
default
ifa logo

The must-attend event for financial advisers is back in 2022: the ESG Summit, coming to Sydney and Melbourne in February. Walk away with vital knowledge on a number of key ESG areas to help you make informed ESG strategy decisions and to better communicate and integrate the growing ESG space to clients. Visit the website to secure your place.

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.