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.”
Recommended for you
The corporate regulator has cancelled the AFSL of a Perth advice firm, with the firm having previously seen its licence temporarily suspended in 2020.
Having proposed changes earlier this year, ASIC has clarified how it will support licensees with additional relief under the reportable situations regime.
AMP has partnered with BlackRock and research house Lonsec to provide a model portfolio capability on its North platform that offers “portfolio customisation at scale” to advice practices of all sizes.
Money Management rounds up actions ASIC took against advice individuals in the first half for FY25 from exam falsifications to dishonest conduct.