Independent investment research firm van Eyk is pleased to announce that it has acquired financial services consulting firm the Encore Group.
Encore specialises in providing consulting services, programs and systems to help financial planning practices and dealer groups improve their businesses.
The acquisition reflects van Eyk’s commitment to providing quality financial and investment advice and to helping van Eyk’s clients maximise their potential and respond to the rapid and profound changes taking place in the financial services industry.
van Eyk’s clients will have direct access to Encore’s intellectual capital, practice management products and consulting services.
van Eyk chief executive Mark Thomas said the acquisition was an indication that the research firm was developing a more holistic relationship with its clients.
“This acquisition deeply enriches our understanding of our key clients’ needs and challenges at an important crossroads in the industry’s development,” Mr Thomas said.
Professional practice management is one of the most important developments in the financial planning industry, particularly as it moves to adopt the federal government’s Future of Financial Advice reforms and many planners look to streamline their practices and move their businesses to a fee-for-service model.
Encore provides solutions for all aspects of a business including business development, sales, marketing, human resources, back office and succession planning. The group has been operating since 2003 and has assisted hundreds of businesses to achieve their growth ambitions, from one-person firms to large dealer groups and institutions, including the big banks.
Encore Group founding partner Graham Peatey said it was a challenging and exciting time in financial services and the company was pleased to be able to partner with one of Australia’s leading research providers. “The opportunity to partner with such an entrepreneurial business like van Eyk is exciting. It is a major decision for us and an experience we are really looking forward to,” Mr Peatey said.
“This relationship validates the role quality practice management services can play in the overall dealer proposition.”
The Encore Group was acquired for an undisclosed sum.
