Advice platform AZ NGA has signed a strategic partnership with MiQ Private Wealth, providing capital for growth and a succession pathway for retiring partners. Financial terms were not disclosed.
Queensland-based MiQ operates seven offices nationwide and employs more than 50 staff, including 15 financial advisers, and has eight advice partners.
Paul Barrett, Group CEO, AZ NGA, said: “MiQ’s unique history and evolution from a group of individual practices operating under its own AFSL to a fully integrated, corporatised business had resulted in an exceptional business, underpinned by a diverse, collaborative and entrepreneurial culture.”
MiQ chairman David Brown said the group launched a formal process for a strategic partner in 2024, drawing interest from six parties. He says AZ NGA stood out for its ability to balance the needs of both retiring and continuing partners while supporting future growth.
