Financial planning firm Twelve Wealth has merged with advice practice Minchin Moore in response to the changing advice landscape.
The merger of the two firms has been effective as of 1 July, according to the Minchin Moore website.
Before the merger, Cathryn Gross was the founder and principal of Sydney-based advice firm Twelve Wealth between October 2015 and June 2019. She was also a committee member of the ASIC Financial Advisers Consultative Committee between March 2017 and June 2019.
Meanwhile, Mark Minchin has been the managing partner of Minchin Moore Private Wealth since July 2010.
Mr Minchin said that it has let its growth be defined by its ability to find like-minded professionals with a shared vision of providing high-quality, independent advice.
“Having observed Cathryn build Twelve Wealth and blaze a new path, we have little doubt that our values and beliefs are perfectly aligned,” said Minchin Moore managing partner Mark Minchin.
“The partners of Minchin Moore are delighted to welcome Cathryn to our team and feel certain she will play a key role in our future direction.”
Twelve Wealth managing director Cathryn Gross said that, as its client numbers have grown, she has realised the need to have a more robust service offering if it’s to provide value to its clients over the long term.
“Minchin Moore is an established business whose values and Investment philosophy align with ours. I am incredibly confident that this merger will allow us to deepen and broaden the advice we offer our clients,” Ms Gross said.
Investment services provider Xplore Wealth has sold its 50 per cent stake in Queenland-based McGregor Wealth Management, following an indus...
Fintech FNZ Group has been turned down by the Takeovers Panel in its effort to block investment software supplier SS&C Technologies in t...
Keybridge Capital has been suspended from trading on the ASX after it told shareholders it commenced a lawsuit against Aurora Corporate. ...