Direct Portfolio and Pentafin have confirmed they have completed their merger.

Pentafin chief executive Connie McKeage is the chief executive of the new group, which will be called Pentafin.

“As an integrated organisation, we are now single-mindedly focused on our combined clients and committed to ongoing investment to further enhance our core capabilities,” McKeage said.

Money Management first reported on the plans for the merger in April of this year.