AZ NGA’s Wise Planners announces new acquisition

AZ NGA-owned Wise Planners has announced it purchased the consulting arm of a Sydney-based financial advice firm – its second acquisition of 2017.

In a statement last week, Wise Planners said it has acquired the corporate superannuation consulting business of Northbridge Financial Solutions.

Wise Planners, which trades as Lifestyle Financial Services, will work with the Northbridge team to ensure clients are “seamlessly transitioned,” the statement said.

The transaction comes after Wise Planners acquired Domane Financial Advisers in August 2016 and the corporate clients of Principal Edge Financial Services in February 2017.

Commenting on the most recent acquisition, Wise Planners chief executive Gareth Hall said, “Scale is really important for us.

“We want to provide the best services possible to corporates and their staff. Our passion is helping people to understand their super, and get the most they can out of it.”

He added, “For us to be able to afford to constantly innovate and improve the services we offer, in today’s low cost environment, we must increase our scale.

“We are fortunate to have the resources of the AZ Next Generation Advisory group behind us, which allow us to do this”.

According to the statement, Northbridge directors said the deal comes as the firm needed to enhance its corporate superannuation offering.

“The corporate superannuation world has been evolving rapidly and we at Northbridge have been aware that we needed to enhance our services to our clients,” Northbridge said in the statement.

“Partnering with Lifestyle enables us to do this sooner rather than later, and with a tried and proven technological process. This is going to be a ‘best of both worlds’ solution for our clients.”

 

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