Grove and Counterpoint to merge
Asset manager Grove Financial Services and investment advisory services consultant Counterpoint Group have signed an agreement to merge their operations.
The merged entity, which will service its 130 clients from offices in Sydney and Perth, will have combined assets under advice of $11 billion.
Grove managing director Simon Ibbetson will head the new entity, supported by the Counterpoint leadership team of John Parrish, Peter Williamson, Philip Chow.
Former Standards Australia and SAI Global chief executive Ross Wraight has been appointed chairman.
The merger will expand the dedicated research team to 10, offering clients “a great deal more value and experience”, Ibbetson said.
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