Infocus shareholders today unanimously voted in favour of merging with fellow independent PATRON Financial Advice. The vote formalises the merger, creating a national wealth manager with 200 Advisers operating from 120 offices nationally.
‘We are very pleased the merger has been formally approved’ said Infocus Managing Director Rod Bristow. ‘The similarities between the Infocus and PATRON businesses and advice philosophies were striking – providing a great foundation for a successful future’.
The merged group provides a full suite of financial advice services via 200 Financial Advisers nationally.
‘We believe a healthy marketplace demands a diverse market structure’, Bristow said. ‘This includes a mix of institutional and non-institutionally owned groups to provide Australians true choice for their financial planning needs.
‘We’ve been overwhelmed by the response from Advisers who are seeking the freedom and flexibility of a non-aligned group; yet still with the depth of resources and capability that a group of scale and substance brings’, he said.
‘Our national Adviser network now operates in all States and Territories except the Northern Territory and Tasmania, and we have corporate offices in Brisbane, Sydney, Melbourne, Perth and the Sunshine Coast. This provides us with great reach to support our Advisers in both regional and metropolitan locations’, Bristow said.
