Michael Pillemer
Centric Wealth has announced that it is merging its business with boutique firm InvestAhead.
InvestAhead will be fully integrated into Centric and share its range of client services, syndicated products and private equity offerings.
The Sydney-based specialist financial planning firm is a risk insurance and corporate benefit services provider, with assets under advice of more than $500 million.
Its three directors will relocate to Centric’s Macquarie Place premises in Sydney early next year as advisers.
Commenting on the merger, Centric joint chief executive Michael Pillemer said the depth of experience and expertise InvestAhead would bring to Centric would further enhance its client offering.
“The InvestAhead business has been one of the best kept secrets in the industry — it’s rare to find such a substantial, well run advisory business with the calibre of people of InvestAhead.
“The firm’s business focus, commitment to specialist service and cultural values are closely aligned with Centric.”
InvestAhead managing director Chandra Wirasinha also acknowledged the advantages of the merger by saying the two businesses shared similar values, which would benefit the customers.
“After carefully considering our options, we felt that Centric provided us with the most compelling opportunity — now and in the future,” he said.
