FMP, PCA to merge
Melbourne-based Management Professionals Group (FMP) and PCA Financial Serv-ices have merged.
Melbourne-based Management Professionals Group (FMP) and PCA Financial Serv-ices have merged.
Operating under the existing FMP Group name, the new financial planning company will have funds under administration of $88 million and about 1000 clients.
Included among the services it will offer are lifestyle planning, specialist taxation ad-vice, training programs and superannuation expertise.
Business development manager Bill Featherston says the move combines the two companies’ skills sets, while, at the same time, adds scale.
“We are creating a high profile business that supports small to medium sized ac-counting and legal practices,” he adds.
New directors include Featherston, former Lonsdale representative Jack Pearce and part time lecturer and tax expert Alex Wong.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.