AZ NGA acquires two Qld advice firms



Azimut-backed AZ Next Generation Advisory (AZ NGA) has acquired two Queensland financial planning firms – Blue Harbour Financial Partners (formerly Bridges Brisbane Bayside) and Henderson Matusch Group.
AZ NGA chief executive, Paul Barrett, said the acquisition broadened the capability inside AZ NGA’s network of small-to-medium accounting and financial advisory businesses and expanded its capacity for long-term growth.
Blue Harbour’s chief financial officer and partner, Blake Roberts, said: “We want to develop the breadth and depth of our client value proposition, and we are excited about utilising AZ NGA’s business coaching, mentoring and small to medium enterprise (SME) resources to take us to the next level”.
Henderson Matusch Group’s chief executive, Paul Fog, said the increasing level of complexity in financial services made it advantageous for advice firms to leverage the scale, insights, and resources of an experienced partner.
“Running a successful business today is vastly different to a decade ago or even five years ago,” he said.
“AZ NGA is the most experienced player in the market when it comes to mergers and acquisitions, succession solutions and business growth. It has the vision, know-how and capital-backing to invest in strategic advice for the long-term and our partnership ensures that Henderson Matusch will continue to grow and meet our obligations to clients, staff and other stakeholders.”
To date, AZ NGA has completed almost 80 acquisitions.
Recommended for you
With the Australian advice market being a target for US private equity firms, a US advice commentator has shared lessons from his overseas experience, and why PE may be less attractive than initially expected.
Financial advisers are reminded to ensure their CPD is up to date with the Financial Services and Credit Panel making its second determination in a week after an adviser failed to meet the requirements.
AWAG has entered a strategic joint venture relationship with Singapore-based financial services firm PhillipCapital, expanding its product and services distribution reach.
Investment manager Drummond Capital Partners has announced a series of appointments to expand its distribution reach with advisers nationwide.