Financial services group Matrix Planning Solutions has added NSW planning practice Integrated Professional Services (IPS) to its dealer group in a move that is expected to be the first of many acquisitions for the firm.
Castle Hill-based IPS will be split into two businesses in the next 12 months, according to Matrix, in an effort to better manage its separate arms — a core business that provides financial advice to professional and small business clients and a second business that provides financial services to Diabetes Australia.
IPS principal Beverley Carlyon said the quality advisers and management at Matrix appealed to IPS.
“[IPS] loves the idea of co-branding and also the entrepreneurial approach Matrix has to developing software support to enable advisers to provide a real value package for their clients,” she said.
A Matrix spokesperson said the firm was in discussions with a number of other practices, which are close to joining Matrix in coming months.
