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CBA-aligned firm makes acquisition

Eureka Whittaker Macnaught has successfully acquired the practice of New South Wales-based adviser Ken Mann.

In a statement, Eureka Whittaker Macnaught said the practice was a “great fit” for the dealer group, noting that both are licensed by Financial Wisdom.

Eureka Whittaker Macnaught chief executive Greg Cook said he hopes to “roll out a wider value proposition” to clients of Mr Mann’s practice following the transition.

“Over the next few months, Ken will be introducing the clients to the new advice team at Eureka Whittaker Macnaught. Then, after 33 years in the profession, Ken is looking forward to enjoying an active, long and well-deserved retirement,” Mr Cook said.

The acquisition marks the addition of a third office to the Eureka Whittaker Macnaught network, the statement said.

Mr Cook said Eureka Whittaker Macnaught is “on a strong growth path” both organically and through acquisitions.