CountPlus has acquired a 30% stake in DMG Financial Holding for $2.89 million, increasing its network to 20 member firms.
After completion of the acquisition, the accounting and financial planning firm would have seven shareholder principals.
Countplus said it partnered with professional accounting and advice firms to deliver strategic support, funding capital, scalable benefits and succession planning, as well as access to a professional community with aligned values and a growth mindset.
The investment follows CountPlus’ firm Kidman Partners that acquired Latitude Advisory Services, and the completion of the Count Financial acquisition on October 1.
CountPlus chief executive, Matthew Rowe, said: “We firmly believe in the potential of the convergence of accounting and advice and are pleased to be able to continue to find firms to partner with that meet our expectations.
“We are focused on realising our vision to become Australia’s leading network of professional accounting and financial advice firms, aligned through shared values, mutual success and our sense of community. This investment in DMG is another encouraging step towards achieving our vision.”
Also commenting, DMG Financial managing principal, Mathew Johns said: “We very much look forward to continuing to provide a vital service for our clients in the Gippsland region, while availing of the strategic vision, resources and capabilities of the CountPlus network”.