Infocus acquires Announcer
Infocus has acquired financial advice firm Announcer to drive further growth.
Announcer will be co-branded to be identified as part of the Infocus Group and its founder and chief executive, Andrew Rocks will report directly to Infocus managing director and chief executive, Rod Bristow, and become part of Infocus’ national leadership team.
Announcer will become the Sydney link in Infocus’ national salaried advice strategy.
“Announcer becoming part of Infocus provides us with fantastic industry thought leadership, innovation in client service and access to a holistic client service offering covering financial advice, mortgages and property advisory,” Bristow said.
Also commenting, Rocks said that Infocus’ commitment to compliance and innovation were key drivers for the decision.
“We are impressed by Infocus’ governance, systems and software including award-winning CRM and advice process management software Platformplus. This will help us with substantial efficiencies in delivering our holistic advice model,” Rocks said.
Announcer will continue to deliver its holistic service model to current and new clients and all staff will remain with the Announcer business.
Recommended for you
It can be extremely hard to realise the gains from financial advice M&A, according to Peloton Partners’ Rob Jones, and more could be gained from firms looking inward at their own practice.
With platforms reporting their quarterly results, there is a clear divide in the adviser markets they are targeting, according to platform specialist Recep Peker, and which would be right for your clients.
The Federal Court has imposed a $10 million penalty on Macquarie Bank for failing to prevent and control unauthorised fee transactions by third parties including financial advisers.
A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.