Stanford Brown expands into accounting



Wealth management group Stanford Brown is expanding further into the accounting space.
The company has announced its purchase of local accounting business, Clem Hill and Associates, along with the recruitment of senior Deloitte executive, Dean Crossingham to lead the new accounting business.
Commenting on the move, Stanford Brown chief executive, Jonathan Hoyle said the acquisition fulfilled a long-held ambition to offer clients tax and accounting services.
“Due to rapid advances in cloud-based technologies, a much tighter regulatory environment and the increasing prevalence of cyber fraud, we are firmly of the view that financial planning and accounting services belong under the same roof,” he said.
Recommended for you
While the last several months have seen increased market volatility, particularly in the US, advisers said there are multiple reasons why there has been an increase in defensive asset flows.
Scarcity Partners believes the dynamics playing out in the managed account and outsourced chief investment officer market are “here to stay” based on positive developments in financial advice.
Former executive chairman of failed stockbroker BBY, Glenn Rosewall, has been charged with aiding, abetting, counselling or procuring BBY’s dishonest conduct in relation to a financial service.
Fidelity International research has revealed Australian investors are significantly more optimistic about the market outlook and feeling more comfortable than their APAC peers, despite ongoing market volatility.