Multinational investment manager and corporate advisory firm Aura Group has acquired a majority stake in Sydney-based, self-licensed financial advice firm Accountable Financial Group.
Aura – which has offices in Sydney and Singapore – has made a cash offer to acquire Accountable (AFG) which provides SMSF, insurance and investment advice and was launched in response to the removal of the accountants’ exemption.
“[AFG] allows accountants to continue offering SMSF and superannuation advice to clients by offering multiple solutions ranging from minimum regulatory training requirements, a license which allows accountants to offer bespoke advice authorisations, including general, limited and comprehensive advice solutions,” said a statement.
Aura Group managing director Calvin Ng said he was attracted to the firm’s almost $1 billion in funds under advice and access to SMSF investors.
An advice industry veteran has detailed the feelings of “capitulation and loss...
Early release of super has slowed to under $300 million per week, as political d...
ifa, in partnership with Capital Group, is pleased to announce the finalists for...
Get the latest news! Subscribe to the ifa bulletin
Copyright © 2020 Independent Financial Adviser
Get notifications in real time and stay up to date with content that matters to you.
