Eureka Whittaker Macnaught has acquired Ken Mann’s financial planning practice at Erina on the New South Wales’ (NSW) Central Coast.
Thanks to the acquisition, the company said it managed to add its third office to its business, as both Eureka and its new practice are licenced with Financial Wisdom.
Eureka, which currently has nine financial advisers in a team of 21 employees with offices in Sydney, Brisbane and NSW Central Coast, offers financial advice for every stage of the life cycle, including investment strategies, aged care advice, self-managed superannuation fund (SMSFs) services and life risk services.
In 2013, Eureka merged with Whittaker Macnaught and in 2015 it became the founding Australian firm of AZ Next Generation Advisory.
Eureka’s chief executive, Greg Cook said: “We are on a strong growth path – both organic and through acquisition.”
“Our strong balance sheet allows us to make these acquisitions with little risk and practice principals like Ken know our acquisition process will be very professional, their clients will be in great hands, and their legacy respected.
“Over the next few months Ken will be introducing the clients to the new advice team at Eureka Whittaker Macnaught.