SMSF specialist acquires planning firm
Self-managed superannuation firm Exelsuper has cemented its move into the planning space with the acquisition of Oxford Financial Services.
The Adelaide-based business will absorb Oxford’s two directors and three financial advisers as part of the move.
Exelsuper CEO Chris Harris labelled Oxford a “great fit” for the firm, which has been trying to strengthen its adviser offering for some time.
“Most people who look into managing their own super fund find that they also need an accountant, financial adviser, share broker, auditor, insurance and legal advisers just to operate it. At Exelsuper, we bring all this together and manage every aspect in one place,” he said.
The acquisition also led to the expansion of the firm’s Goodwood premises, Harris added.
AUTHOR
Staff Writer
Recommended for you
With just 30 per cent of Australians knowing their superannuation balance to the nearest $1,000, Findex has emphasised the role of financial advice in addressing the critical super knowledge gap.
Underestimating the cost of insurance by almost $75,000 in a Statement of Advice is among multiple reasons that a relevant provider has faced action from the FSCP.
Financial Services Council chief executive, Blake Briggs, is urging Minister for Financial Services, Stephen Jones, to take advantage of the QAR opportunity to reduce regulatory duplication and ensure advice is affordable.
Former chair of the House of Representatives’ Standing Economics Committee, Tim Wilson, is planning a return to politics after losing his seat in the 2022 federal election.
