Webb Group joins William Buck network

FUA expands to $980m

By Victoria Papandrea
Tue 17 Mar 2009

The financial services divisions of the Webb Group and William Buck join forces.

Webb Financial Services and William Buck Financial Services have teamed up, following an announcement that chartered accounting firm Webb Group would join the William Buck national network as the member firm in Melbourne.
 
The inclusion of Webb Financial Services would boost the total funds under advice across the William Buck network to $980 million.

The addition of the Webb Group to the William Buck national group was a great fit, William Buck's national chairman Nick Hatzistergos said.

"It's taken almost 12 months and a host of meetings with different firms to secure a firm that ticked all the relevant boxes," he said. 

"The firm we wanted to represent William Buck in Victoria had to be multi-disciplined in structure and be complementary culturally and professionally with deep capabilities in core service lines."

While other firms are looking at ways to reduce their national and international footprint, William Buck and the Webb Group are counter-cyclical, according to Hatzistergos.

"Both remain firmly committed to a vision and growth strategy to be the preferred advisers to privately-owned and mid-market entities," he said.

"We are of the strong view that focused, well-managed and strategically-oriented firms gain strength in the tough times to be well placed to take full advantage of a recovering economy."

Webb Financial Services advisers would continue to be authorised through the Securitor dealer group, Securitor director Rob Davy said.

"Importantly, Webb Financial Services will continue to retain its adviser authorities with Securitor as does a number of William Buck member firms on a dealer-to-dealer basis," he said.

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