Planner Holdings makes inaugural investment in renowned advice business



July 18, 2016

Planner Holdings Limited, a subsidiary of listed managed discretionary account operator, Managed Accounts Holdings Limited (MGP), has acquired a minority interest in Queensland-based advisory firm Holman McGregor Financial Services (HMFS), as it ramps up plans to invest in quality advice businesses.

Based in Noosaville on Queensland’s Sunshine Coast, HMFS was established in 2003. The practice provides comprehensive, strategic advice to retirees and wealth accumulators aged 35 to 50 who want a simple, structured and successful way to build wealth.

HMFS is run by Rob McGregor, supported by five staff including two advisers. The practice is licensed by a leading independent dealer group GPS Wealth, of which Rob McGregor is both a co- founder and director.

Executive Chairman of Managed Accounts Holdings Limited Don Sharp said HMFS represented the ideal fit for PHL which was established in 2015 to provide expansion capital to advisory firms with a large self-managed super fund (SMSF) client base and a strong commitment to maximising efficiencies and profitability.

“HMFS exemplifies the type of quality advice practice we’re looking to partner with to drive grow and business efficiency,” Sharp said.

“Planner Holdings will not seek to control or influence the board of HMFS or any future advisory firms it invests in but each business will remain independent.”

“Rob and his team will run the business without any influence or conflict, and Planner Holdings will not have any control or day-to-day management.”

Mr McGregor said the group’s partnership with Planner Holdings Limited positioned it strongly for future growth.

“We’re focused on delivering quality client-focused advice and continuing to grow the business,” he said.

“Our new relationship with Planner Holdings Limited has allowed us to restructure our ownership and positions us strongly for the future.”

HMFS will continue to provide high quality advice and utilise the principles, systems and processes provided by GPS Wealth.

Source: Managed Account Holdings

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