Western Australian-based wealth management company Plan B has extended its geographic reach, with the acquisition of New Zealand company Strategic Asset Management.
The acquisition represents the consolidation of a two-year relationship between the two companies, with Plan B managing director Denys Pearce saying the acquisition took the relationship a step further.
“The two companies share a client-centric philosophy and the same approach to asset-class investing,” he said. “Together we now have a much wider footprint in the Australasia region.”
The managing director of Strategic Asset Management, Alex Fowler, said the company’s clients were already benefiting from account administration and reporting provided by Plan B, and he envisaged further benefits flowing from the innovative tools and thinking provided by Plan B.
