WSC Group joins CountPlus and Count Financial
CountPlus has announced a 32.75% investment in WSC Group, a financial services and advice practice with offices around Australia.
As part of the transaction, the financial advice business of WSC Group would be authorised by Count Financial, adding an additional three authorised representatives to the CountPlus-owned licensee.
So far in 2022, Count Financial had appointed 51 new advisers, as the licensee continued to focus on strategic growth.
David Shaw, managing director at WSC Group, welcomed the investment and the benefits it would bring to their clients.
“We have long been familiar with the CountPlus model and the mutual benefits it can bring to both businesses. We are delighted that we can now access a range of resources and expertise within the CountPlus network. This will ensure we can continue giving our clients a tremendous experience and open up new opportunities to grow our business.”
Hugh Humphrey, CountPlus chief executive, said the investment would create positive growth outcomes for WSC Group, CountPlus and Count Financial.
“We are delighted to be investing in a quality financial services business like WSC Group, which has a strong reputation for being client-focused with expertise in accounting and financial advice services. We believe we can support their growth ambitions through our resources, scale and the full-service licensee offer provided by Count Financial.”
AUTHOR
Liam Cormican
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.
