lan Wealth Management's Melbourne dealership, PMG Group, has acquired Melbourne accountancy and auditing business Smith, Peacock and Henshaw (SPH).
SPH's two major partners Jim Sidon and Thomas Lee will remain in the business and offer clients financial planning services through Lachlan Wealth Management.
Lachlan Wealth Management and PMG Group principal Philip Pezzi said the acquisition was a step closer towards creating a professional services company.
"We see this ability to have experts in financial planning and accountancy working together as a huge bonus for our clients and something that sets us apart from others in the marketplace," said Pezzi, who is based in Mount Waverly, Victoria.
All SPH staff will be retained.
The Lachlan Wealth Management dealer group was established in August 2005 by Macquarie Private Wealth, with Pezzi's PMG Group as the founding partner.
It has practices in Sydney CBD, Brisbane CBD, Melbourne CBD and Mount Waverly, Victoria.