Commenting on the announcement Murray Hills said that the combined synergy and compatibility of our respective corporate cultures, values and commitment to the long term well-being of our advisers and their practices could not be overlooked in the current competitive marketplace.

The merged group’s adviser strength has been increased to over 300 advisers nationwide with a total $5 Billion FUA.

The existing financial terms for the group’s advisers have continued under the agreement with greater industry presence, economies of scale and operational efficiencies expected to deliver further significant benefits to advisers and their clients. These include access to a broader product range; extensive choice of personal and professional development programs; innovative client service and retention initiatives; and more efficient strong technical and compliance support,” said Murray Hills.

As a result of the merger the existing Sentry head office management and state based operations have been supplemented by key members of the Wealthsure team which combined with a robust operational structure, greater resources and administrative capacity will ensure it is successful for all stakeholders. Details of the new appointments and changes will be announced shortly.

Murray Hills concluded, “We are confident that the opportunities provided by the new broader organisation will have strong appeal for all financial advisers seeking a non-aligned licensee that offers value for money, has a dedicated experienced, stable management team, financial security, infrastructure and the scale to proactively support their practices in the post FoFA era.”

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