AZ NGA acquires Melbourne business consultancy
Accounting and financial advice firm AZ NGA has acquired Melbourne-based Matthews Steer Accountants and Advisors as part of its plan to build a large multi-disciplinary financial services business.
AZ NGA chief executive, Paul Barrett, said Matthews Steer was the “trusted adviser” to lead businesses and families in Melbourne’s north west.
“It has built a reputation as the region’s premier accounting and advisory firm by delivering excellent service and advice, and helping local businesses achieve strategic results,” he said.
“There are also mutually-beneficial opportunities for Matthews Steer to leverage the scale, resources and capabilities of the broader AZ NGA network.”
Barrett noted Victoria represented an area of opportunity as it had a “healthy pipeline” of potential partners.
“We are constantly on the lookout for high quality SMEs that can expand the capability and capacity of AZ NGA, and we are keen to expand our footprint in Melbourne,” he said.
Matthews Steer co-founder and managing director, Ken Matthews, said the small to medium enterprise specialist was a cultural fit along with its purpose and values.
“Their investment in Matthews Steer will provide greater capacity to continue to support our clients and extend our services to other entrepreneurs and family businesses,” Matthews said.
Recommended for you
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
ASIC has cancelled the AFSL of Sydney-based Arrumar Private after it failed to comply with the conditions of its licence.
Two investment advisory research houses have announced a merger to form a combined entity under the name Delta Portfolios.
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
