AMP-aligned PSK Financial Services has wrapped up its acquisition of a NAB-aligned advice firm responsible for $420 million in funds under advice.
PSK's purchase of Legan Financial Services takes the number of advisers within the group to 39, PSK said in a statement. PSK is licensed by AMP's Charter Financial Planning while Legan is licenced by NAB's Apogee Financial Planning
Legan founder Douglas Latto said: “Joining PSK will give our clients access to a number of areas that they previously have not had direct access to, including taxation and corporate advisory services, property advisory and management services along with an experienced SMSF team.
“Importantly, our whole staff of nine will be coming across and joining the PSK group, which will open up a wide range of new opportunities for them.”
PSK managing director Paul Aspros said the group's growth strategy was around partnering with firms to meet an ever-changing and increasingly challenging environment.
“In many ways, we are about improving firms once they join PSK,” he said.
“Most are already reasonably well run, so when we add in our in-house support services provided by our business development, marketing, investment and advice teams, while taking away all the day-to-day problems that come with running an advice business, we find advisers and their business flourish.”
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!
The latest ASIC estimated industry funding levy proves that the current formula is “not equitable or sustainable” according to FPA. ...
An industry body says it is in favour of a change in government as the Coalition have “unfairly targeted” financial advisers. ...
The corporate regulator's cost recovery implementation statement for the 2021 financial year indicates the costs allocated by ASIC to the advice secto...
Get notifications in real time and stay up to date with content that matters to you.
