The PMG Group, Lachlan Wealth Management’s dealer group, has acquired Melbourne-based accountancy and auditing business Smith, Peacock and Henshaw (SPH).
SPH’s two major partners Jim Sidon and Thomas Lee will remain with the business, along with the rest of its staff, which has been joined by a Lachlan financial planner.
According to Lachlan and PMG Group principal Philip Pezzi, the acquisition is intended to enhance the financial services offering of the business.
“This acquisition is important for us, because it means we can now provide our clients with a more holistic service under one business, looking after their accounting and auditing and catering to a wider range of their financial needs,” Pezzi said.
“We see this ability to have experts in financial planning and accountancy working together as a huge bonus for our clients and something that sets us apart from others in the marketplace.”
