Eureka Whittaker Macnaught (EWM) is acquiring three additional companies that it states will take its annual revenue to $25m and team members to 90, including 27 advisers.
In the process of being added to the company this month are Queensland-based firms:
- MSI Taylor Wealth Management (led by Peter O’Callaghan and Daniel Shine)
- Financial Design (led by Helen Postle)
- Your Wealthy Life (led by Megan Neale)
These latest acquisitions follow mergers earlier this year with MTP Financial in Cairns, and Wealthmed on the Sunshine Coast.
Greg Cook, CEO, EWM, said: “Scale is increasingly important in financial advice, not only to achieve operational and cost benefits, but to increase our ability to meet growing public demand for professional advice.”
He said the company is pursuing a strategy to expand its client value proposition and free up advisers to spend more time in front of clients.
Over the past few years, the firm has brought a number of professional services inhouse including accounting, mortgage broking, and aged care advice.
Cook said the group is looking at opportunities to grow through M&A in New South Wales and other states.
