Simon Hoyle has been a finance journalist for more than 25 years – a finance journalist because the football and motorsports rounds at The Age were filled when he was awarded a cadetship. He worked on BRW and Personal Investment magazines, and was part of the team that launched Money Management. Hoyle spent 11 years at the Australian Financial Review before moving on to be an investment writer for The Sydney Morning Herald and The Australian. He was appointed editor of Professional Planner in November 2007.
Glenn Freeman is a senior journalist for Professional Planner. He has around three years’ experience in financial services journalism, having also covered broader areas of business including M&A activity and energy. His journalistic experience includes five years spent abroad, where he was editor of an oil and gas title in the United Arab Emirates along with other in-house and freelance projects, which included stints in motorcycle and automotive journalism.
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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.
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