Financial planning group WHK has continued to expand its footprint with the acquisition of two businesses — a Mortgage Choice franchise in Sydney and a risk insurance business in Brisbane.
At the same time, WHK has announced the appointment of a new chief operating officer, Mike Pepperell, who will assume his new position from the beginning of March, succeeding Graeme Fowler, who has resigned.
WHK said that its member firm, WHK Horwath Sydney, had acquired a Mortgage Choice franchise covering Parramatta and the surrounding area while WHK LRK Walkers in Brisbane had acquired Diamond Life Financial Services, a risk insurance business that had been relocated to Toowoomba.
The company said the transactions were consistent with WHK Group’s growth strategy of supporting the development and expansion of core member firms into major businesses with competitive advantage through scope and scale of operations as part of a national listed business and financial services group.
It said that, when completed, the transactions would increase the total annualised acquired revenue in the current financial year to approximately $42.9 million.
