Infocus Wealth Management Limited (Infocus), one of Australia’s leading privately-owned wealth managers, this week announced it has acquired another financial advice business under the Infocus Group Succession Plan.
The Infocus Group Succession Plan was put in place in 2014 in response to adviser demand for a viable exit strategy within the two AFSL holders operated under Infocus Wealth Management. Since that time, four advice businesses have been acquired, with Infocus also owning 50% of a fifth advice business.
Rod Bristow, Managing Director and CEO, said: “With so much change continuing to happen across our industry, we felt it important to ensure advisers had an option ‘on the table’ from Infocus as their business partner if they wanted to exit the industry or bring on a partner to help fund further growth. Our mission for advisers is to help their businesses grow revenue, increase efficiency and effectively manage risk – making us a logical buyer of quality advice businesses”, he said
Asked about the rationale for acquiring financial planning businesses, Bristow said “This has been part of group strategy for some time. It is a natural complement to our extensive national dealer group operations; helps advisers who are seeking to exit the industry or bring on a partner to help fund further growth; and allows us to diversify our group revenue model”.
“We focus on advice businesses in major population and growth areas nationally. In the last 18 months, we have acquired two advice businesses in Melbourne, one in south-east Queensland (with our 50% advice business shareholding also in this region) and one in Townsville. Our proprietary financial planning software allows these businesses to be managed in a compliant, consistent way, delivering business efficiency and great client outcomes regardless of geography”, he said.
For more information, contact
Rod Bristow, Managing Director and CEO, Infocus Wealth Management, 1300 463 628.
About Infocus Wealth Management
Infocus (www.infocus.com.au) is a privately-owned national wealth management group delivering financial advice, funds management and wealth technology solutions. Infocus provides financial advice to over 55,000 clients through employed financial advisers and self-employed advisers licensed through one of the Group’s two AFSL holders. Infocus also directly manages eight sector-specific multi-manager funds through subsidiary Alpha Fund Managers, and licenses proprietary CRM and practice management software to support financial advisers with delivering compliant financial advice and efficiently managing their business.