Fitzpatricks Group acquires Retirement Victoria

From

The Fitzpatricks Group has acquired acquisition Retirement Victoria.

The Fitzpatricks Group, backed with capital from Quadrant Private Equity and Yorkway Capital Partners, has announced the first of a number of growth opportunities with the acquisition of Retirement Victoria – a Melbourne based financial advice firm servicing a private client base of more than 3,500 clients.

Fitzpatricks Group Managing Director, John McMurdo said: “We are delighted that a strong, culturally-aligned firm in Retirement Victoria has joined our Group. Retirement Victoria now in its 16th year of operation delivers a strongly client centric, lifestyle based approach to financial planning, highly consistent with the approach and philosophy practiced by the Fitzpatricks group for many years.”

Hugh Dickson, Managing Director of Retirement Victoria has signalled his intention to retire but will stay on with the business for a few months to help in the transition.

Hugh Dickson said: “Our company has observed and has endorsed the Fitzpatricks client centric advice process prior to Retirement Victoria joining the Group. Fitzpatricks is amongst the leaders in the financial advice sector across Australia in the delivery of client centric advice. The advisers and staff at Retirement Victoria are very much looking forward to the future journey with the Fitzpatricks Group and we are proud this advice approach is leading the future of the advice profession.”

The acquisition took place on 1 September 2017. The Group also announced it is business as usual for Retirement Victoria, with no change to name, licencing arrangements or the team who service the existing clients.

The Fitzpatricks Group intent is to take a leadership role in goals-based financial planning with a single focus on client outcomes.

You must be logged in to post or view comments.