Charter Financial Planning firm rmg financial services has acquired two West Australian-based financial advisory groups as part of a move to gain greater scale.
The acquisition of Jeff Glance Financial Planning and Miller Financial Consultants will add $110 million in funds under advice (FUA) to the company, according to its chief executive.
Rmg financial services’ FUA now stands at more than $450 million, rmg financial services chief executive Patrick Canion said.
“We are very excited that Jeff and Bob and their respective teams have joined rmgfs,” Canion said.
“As well as us providing a succession plan for Jeff and Bob, our combined scale will mean better services for all of our clients. Our vision is to be the leading financial advice business in Western Australia and this is an important step towards achieving that.”
As well as boosting the firm’s FUA, the acquisitions leave the Axa Australia-owned firm with 23 staff, including 11 degree and certified financial planners.
