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.”
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 16 Mar 2018CBA CEO pushed for FOFA extensionBy James Mitchell and Aleks Vickovich
- 16 Mar 2018CPA dealer group clashes with FASEA requirementsBy Katarina Taurian
- 16 Mar 2018NAB launches virtual assistant for superBy Staff Reporter
- 15 Mar 2018IFA-focused platforms open to new strategiesBy Staff Reporter
- 15 Mar 2018Deakin eyes advisers to fill staff demandBy Killian Plastow
- 15 Mar 2018Adviser Innovation Summit 2018 agenda announcedBy Staff Reporter
- view all