Akambo accelerates service offering with First Financial merger
Ben Rossi
Two well-established wealth management firms, Akambo Financial Group and First Financial have increased their capabilities in providing market leading investment solutions to the advisory market, with a merger consolidating offerings and the ability to scale services provided to clients.
Akambo Managing Director, Anthony Kapetanovic, says: “CEO of First Financial, Ben Rossi and myself saw a clear opportunity to excel as market leaders in the new post-Royal Commission environment, where licensing and advice is under increased challenges and pressure.”
“Under the new structure, our 3,000 clients across Australia which make up 1,500 client groups and comprise in excess of $3 Billion of funds under management for both Akambo and First Financial. Client groups include SMSF’s, Not for Profit organisations, HNW individuals and Families and pre and post retirees.”
The two brands will remain client facing with the main advantage of the merger being that advisers can utilise the suite of services across both firms including accessing our specialist professionals in Private Wealth Managers, Investment Team, Dealer Services & Licensing Solutions, Lending and Legal Solutions, SMSF Admin, Paraplanning Support, Client Service Managers, Operations Unit, Compliance & Governance.
First Financial CEO, Ben Rossi added, “We are all trying to solve the same issues, as the landscape is quickly evolving, with the likes of technology playing a big role in how advisers are looking for and consuming information both locally and internationally.”
“We are thrilled by the opportunities for further growth in the advisory space as advisers needs and wants are now changing in not only a post-Royal Commission but also a post-Pandemic world.”
The consolidation of services available to both Akambo and First Financial clients and staff is offered effective immediately, with the response from them being nothing short of delight.
Kapetanovic says: “We are experiencing a high-level of enthusiasm from our staff who are passionate about continuing to develop professionally and personally, with the key objective being to provide a great experience to our clients, which we continue to strive for every day.”
