The wealth management division of HLB Mann Judd’s Perth office has expanded with the acquisition of local financial advisory firm Sovereign Plus for an undisclosed sum.
The wealth management division of HLB Mann Judd’s Perth office has expanded with the acquisition of local financial advisory firm Sovereign Plus for an undisclosed sum.
The two firms will operate under the ‘HLB Wealth Management’ name, with Sovereign to contribute its strengths in financial health checks, wealth generation strategies and financial structure advice.
Sovereign’s team of five members will join HLB’s existing wealth management team.
The combined business will be led by Peter Speechley, who currently runs HLB’s wealth management services division.
“The two firms have a compatible approach to client service, with a commitment for first class advice and a hands-on approach to assist clients’ realise their individual financial goals,” Mr Speechley said.
Perth HLB managing director Norman Neill said the culture was a perfect fit for both firms.
“It also gives us a solid base to grow the award-winning client services of HLB to more people, in accordance with our strategic plan,” Mr Neill said.
“Our current strong audit, accounting and business advisory services will be complemented by an expanded wealth management offering.”
Sovereign chief executive Marie Richardson, who founded the business 28 years ago, said that in her retirement planning she had been looking for a suitable partner for her business.
“It wasn’t just a case of getting someone to take over a client list – I wanted a partner with like values who would provide the same service standards and involvement, as well as adding value to clients,” she said.
“I selected HLB Mann Judd Wealth Management after a thorough review of other businesses in the market place.
“The enthusiasm and professionalism of the wealth management staff and partners was a key factor, and a long standing association in the volunteer space gave the deal a special level of familiarity and trust.
“I have been asked by clients over the years about what happens if anything happens to me and I can cheerfully say that they will now be in terrific hands, albeit I am not leaving just yet.”
Ms Richardson will be involved with the transition and ongoing client service for an undisclosed period of time.
