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Wise Planners acquires Principle Edge corporate super business reaching $1 billion FUA

21 Feb 2017

From AZ Next Generation Advisory

Gareth Hall

AZ Next Generation Advisory subsidiary, Wise Planners, yesterday completed a binding sale and purchase agreement to acquire the corporate super clients of Principal Edge Financial Services.

This transaction follows on from Wise Planners’ purchase of Domane Financial Advisers in August 2016 and increases the funds under advice of Wise Planners to over $1 Billion.

Wise Planners trades as Lifestyle Financial Services, with Gareth Hall being the CEO of both entities.

According to Gareth “we feel that the corporate superannuation market continues to present great opportunities, despite the impact of regulatory reform on the sector. We get to have an impact on so many people’s lives; we love working with employers to achieve better financial outcomes for their employees.

“The team at Lifestyle spend a lot of time focussing on the value they add to corporate super members. That starts with the obvious services such as member education, which is provided both electronically and face to face. We often get into deeper territory, such as goals-based financial planning, at the member’s request”.

“Lifestyle is very pleased to be able to grow this side of our business by acquisition and we’re always looking for further opportunities for growth. Our partnership with AZ NGA has allowed us access to capital, and to the know-how to get acquisitions done, quickly.”

Tags:Gareth Hall

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