Forbes Fava Financial Planning (FFFP) has acquired Melbourne-based financial planning business Financial Planit, a firm founded by accountant Anthony Buckley in 2004.
Financial Planit operates across retirement, superannuation, SMSF, risk insurance and estate planning, is being rebranded as FFSP, and will continue to operate from its Bundoora premises.
Buckley said the key factors in his decision to become part of FFSP was the long-term personal and professional relationship with FFSP GM Gus Smarrini and the “aligned values and philosophy between the two firms that facilitated a natural and strategic fit”.
FFFP’s Senior Financial Planner and CEO Cameron Forbes said the acquisition represents a key step in the firm’s plan to expand the group’s presence in the Victorian marketplace.
“The acquisition of Financial Planit has been the catalyst for a steady stream of enquiries from financial planning practices,” he said.
“This is understandable considering the ongoing industry changes and the benefits of FFSP’s marketplace offer, structure, administrative framework, flexibility and scale.”
