A Perth-based financial advice firm has merged with HLB Mann Judd’s local wealth management arm to create “a new and significant wealth management service in WA”.
In a statement today, HLB Mann Judd announced that Sovereign Plus has joined its Perth division of accountants and advisers.
The merger will see the creation of a new wealth management business, which will operate under the HLB Mann Judd Wealth Management banner.
Sovereign is currently licensed by Omniwealth Services, according to the firm’s website.
The addition of the new firm will provide HLB clients with a broader range of services, the statement said.
“It also gives us a solid base to grow the award winning client services of HLB Mann Judd to more people, in accordance with our strategic plan," said Perth HLB Mann Judd managing partner Norman Neill.
“Our current strong audit, accounting and business advisory services will be complemented by an expanded wealth management offering.”
Sovereign Plus chief executive Marie Richardson said she had been looking for a partner for her business as part of her own retirement planning.
“It wasn’t just a case of getting someone to take over a client list – I wanted a partner with like values who would provide the same service standards and involvement, as well as adding value to clients,” she said.
“I selected HLB Mann Judd Wealth Management after a thorough review of other businesses in the market place. The enthusiasm and professionalism of the wealth management staff and partners was a key factor, and a long standing association in the volunteer space gave the deal a special level of familiarity and trust.
“I have been asked by clients over the years about what happens if anything happens to me and I can cheerfully say that they will now be in terrific hands, albeit I am not leaving just yet.”
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 22 Feb 2019KeyInvest reduces administration feeBy Reporter
- 22 Feb 2019ASIC praises new whistleblower lawsBy James Mitchell
- 22 Feb 2019AFA scorns Labor plan to end grandfatheringBy Adrian Flores
- 21 Feb 2019Paragem appoints new general managerBy Eliot Hastie
- 21 Feb 2019CountPlus announces $2.6m profit, makes key acquisitionBy Adrian Flores
- 21 Feb 2019NAB CEO given $1m payoutBy Sarah Simpkins
- view all