Wealth Management Partners buys into Stantons
West Australian financial services group Wealth Management Partners has taken a stake in Perth-based accountancy and consultancy firm Stantons International Services, which will rebrand to Attalus.
Attalus (which also has an office in Kuala Lumpur) will continue to provide tax, accounting, compliance and advisory services from its west Perth office, while leveraging the resources of WMP, according to a statement from the group. WMP will continue to operate from its Como premises in south Perth.
Attalus has recently appointed a director of technical advice in Andrew Smith, who has been a principal and director of several accounting firms in Australia and Asia.
It is the second major recent investment for WMP, which took a major stake in property advice business REaffirm around four months ago.
Recommended for you
GQG Partners has marked its fifth consecutive month of outflows as its AI concerns lead to fund underperformance but overall funds under management increased to US$166.1 billion.
Apostle Funds Management is actively pursuing further partnerships in Asia and Europe but finding a suitable manager is a “needle in a haystack”.
Nuveen has made its private real estate strategy available to Australian wholesale investors, democratising access to a typically institutional asset class.
VanEck is expanding its fixed income range with a new ETF this week to complement its existing subordinated debt strategy which has received $1 billion in inflows this year.
