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
Financial advisers and wealth managers need to exceed their clients’ desires for personalisation, a new EY report writes, and the requirements for this will vary between client segments.
Betashares chief executive, Alex Vynokur, believes technology advancements will enable banks to return to financial advice in the future as the need for advice is greater than ever.
Centrepoint Alliance has upgraded its expected financial results for FY24, thanks to strong adviser recruitment and the acquisition of Queensland advice firm Financial Advice Matters.
The corporate regulator has permanently banned a Melbourne-based financial adviser that “dishonestly attempted to induce clients to transfer their superannuation into a bank account he controlled”.
