With offices in both Melbourne and Adelaide, Link Wealth Group has now expanded its reach across the water, acquiring 60 per cent of Sky Advisers, a Hobart-based holistic advice firm.
“This strategic partnership reinforces Link Wealth’s commitment to partnering with firms that align with its values, growth ambitions and focus on operational efficiency,” the firm said.
As part of the acquisition, Link Wealth will integrate Levera Solutions, its proprietary back-office solution, with Sky Advisers, streamlining operations, driving efficiencies and allowing advisers to “focus on client relationships while accelerating business growth”.
By utilising the firm’s technological capabilities, Link Wealth managing director Stephen Sloane said it can rapidly scale operations, with plans to triple Sky Advisers’ business in the next year.
Additionally, Link Wealth said the partnership will prioritise mid-career and pre-retiree professionals and business owners, helping those in the wealth accumulation phase manage their wealth.
Although the firm now has holdings in three states, Link Wealth said it remains committed to strategic expansion, with plans to acquire additional firms in Queensland, Victoria and other key states.
Speaking on the acquisition, Sloane said the firm is focused on creating meaningful growth through partnerships with culturally aligned advice firms, making Sky an ideal match.
“When the opportunity to partner with Sky Advisers arose, we immediately saw their alignment with our values and vision. While Tasmania wasn’t initially on our radar, this partnership fits seamlessly into our long-term strategic objectives across the states,” Sloane said.
“We focus on firms that share our cultural values and commitment to delivering exceptional client outcomes. Sky Advisers is the perfect partner.”
Sky Advisers managing director Daniel McCarthy said the firm is looking forward to utilising Link Wealth’s resources and expertise to enhance its service offerings.
“Partnering with Link Wealth represents an exciting new chapter for our clients and team. Their growth-oriented approach, underpinned by shared values, perfectly aligns with our vision for the future,” McCarthy said.
With eyes on the horizon, Sloane said: “We’re just getting started.
“In the past 12 months, we’ve successfully acquired three firms, and we’re targeting another four in the coming year. Our goal is to empower advisory businesses with the resources, expertise and operational efficiencies needed to thrive,” he said.
