Stanford Brown buys Godfrey Pembroke advice firm
Sydney-based private wealth firm, Stanford Brown has acquired Godfrey Pembroke advice business, World Square Financial Services.
The acquisition, which would be expected to take Stanford Brown’s client funds under management to close to $1.5 billion, was a part of the strategy aimed at achieving balance between organic growth and acquisitions that would provide retiring principals an opportunity to transition their clients, the firm said.
Stanford’s chief executive, Jonathan Hoyle, described World Square as a “quality advice firm centred around high-touch customers service”
“We are very excited by the opportunity to be working with his clients,” he said.
World Square’s principal, Robert Wiggins, added: “They have a wonderfully young and vibrant culture; one to which my clients will relate well. Their philosophy of holistic and heroic client service is one that is closely aligned to my own.”
AUTHOR
Oksana Patron
Recommended for you
While returns and fees are the top priority for older Australians when it comes to their superannuation, more than one in 10 are calling for access to tailored financial advice.
Determinations by the FSCP since the start of 2025 are almost double the number in the same period of 2024, with non-concessional contribution cap errors and incorrect advice among the issues.
Whether received via human or digital means, financial advice is reportedly leading to lower stress and more confidence, according to Vanguard.
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
