Halliday Financial Management joins Centric Wealth
Australia’s leading privately owned wealth advisory firm, Centric Wealth (Centric), announced that specialist wealth advisory firm Halliday Financial Group (Halliday) will be joining the group.
The Halliday business includes specialist portfolio management and structured product solutions. The firm is a long-established Sydney-based private client advisory business, owned primarily by employees and directors. Like Centric, Halliday is not aligned to any major financial institution. Halliday has 30 employees.
According to Centric Wealth, the merger with Halliday Financial Group is strategically significant for both firms. They share many common goals and its business focus, specialist service ethic and cultural values are closely aligned.
With both groups focusing on the high net worth market, the merger is a good strategic fit. They have been in discussions for 18 months, so are happy to welcome the depth of expertise that directors John Hart, Harvi Chugh, Ian Hardy and their team bring to Centric Wealth.
Hart and Chugh will take key roles in the combined group.
According to Halliday Group, the combined capabilities of the two groups will help them build an even strong offer for its valued clients. The merger also enables them to remain true to its origins as a vibrant, non-institutionally owned advice and investment solutions business.
Operating under Centric’s integrated business model, Halliday employees will join Centric Wealth staff in the Sydney office. The merger increases Centric’s assets under advice by approximately $500m to $4.5bn, and the number of financial planners in the firm to 36.
22-Aug-2007