Perpetual today announced the acquisition of Fintuition and its related brands including The Private Practice, one of Australia’s leading business, financial and lifestyle educators for medical specialists.
Group Executive for Perpetual Private, Mark Smith, said, “This acquisition comes after a significant period of exploration and assessment. It’s a great fit as at the heart of both organisations is trust, integrity and a deep commitment to the financial wellbeing of medical professionals.
“It extends our ability to offer the breadth of our services across accounting, tax, estate planning and financial advice to high net worth clients. It also maximises the strengths we have in our business and allows us to deepen our offer to the medical sector.
“Perpetual has enjoyed a strategic partnership with The Private Practice for some time and this acquisition extends that commitment.
“The Private Practice’s success is founded on a deep understanding of the specific needs of medical specialists. They have developed a unique business model for delivering education and advice to busy professionals in a structured and accessible way,” Mr Smith said.
Warren Skinner, Director of Fintuition, said, “We are delighted our clients and business partners will have the opportunity to benefit from Perpetual’s broad range of services including specialised financial advice, trustee and philanthropic services.
“With Perpetual’s deep history as an independent wealth manager, it was clear from the outset we share a dedication to helping people address their business, financial and lifestyle challenges and opportunities,” he said.
“The Fintuition Group and Perpetual medical specialist clients will benefit from education on medical practice set up, management and growth, through to lifestyle planning and positioning for succession and retirement.”
Both the Fintuition Group and Perpetual are focused on growing their business and expanding their service offering to medical specialists. This merger will enable both groups to accelerate their growth aspirations and provide an effective education and advice platform to the Australian medical community.