Aura Group acquires SMSF accounting firm
Multinational investment manager and corporate advisory firm Aura Group has acquired a majority stake in a Sydney-based SMSF specialist advice and accounting boutique.
Accountable Financial Group (AFG), a self-licensed firm which provides SMSF, insurance and investment advice and was launched in response to the removal of the accountants’ exemption, has accepted a cash offer from Aura.
“[AFG] allows accountants to continue offering SMSF and superannuation advice to clients by offering multiple solutions ranging from minimum regulatory training requirements, a licence which allows accountants to offer bespoke advice authorisations, including general, limited and comprehensive advice solutions,” said a statement.
Aura Group managing director Calvin Ng said he was attracted to the firm’s almost $1 billion in funds under advice and access to SMSF investors.