Wise Planners, one of the AZ Next Generation Advisory group of companies, today announced that it has purchased the Corporate Superannuation Consulting business of Northbridge Financial Solutions. Wise Planners trades as Lifestyle Financial Services, with Gareth Hall being the CEO of both entities.
This transaction follows on from Wise Planners’ purchase of Domane Financial Advisers in August 2016 and the purchase of the Corporate Clients of Principal Edge Financial Services in February 2017. This acquisition increases the funds under advice of the combined Lifestyle Financial Services/Wise Planners group to over $1.4 Billion.
The Northbridge Financial Solutions team will work with Lifestyle for the foreseeable future because, as the Directors of Northbridge say, “we want to do everything we can to ensure our clients are seamlessly transitioned to the Lifestyle service model. The corporate superannuation world has been evolving rapidly and we at Northbridge have been aware that we needed to enhance our services to our clients. Partnering with Lifestyle enables us to do this sooner rather than later, and with a tried and proven technological process. This is going to be a ‘best of both worlds’ solution for our clients”.
When asked about the reasoning behind the acquisition, Hall said “Scale is really important for us. We want to provide the best services possible to Corporates and their staff. Our passion is helping people to understand their super, and get the most they can out of it. For us to be able to afford to constantly innovate and improve the services we offer, in today’s low cost environment, we must increase our scale. We are fortunate to have the resources of the AZ Next Generation Advisory group behind us, which allow us to do this”.
Lifestyle services clients in just about every postcode in Australia.
