Perpetual has announced the acquisition of a financial advice business which the firm claims will extend its ability to offer services across accounting, tax, estate planning and financial advice.
In a statement released today, Perpetual announced the acquisition of Fintuition and its related brands, including the Private Practice, a financial and lifestyle educator for medical professionals.
Perpetual Private group executive Mark Smith said the acquisition comes after a significant period of exploration and assessment.
“It extends our ability to offer the breadth of our services across accounting, tax, estate planning and financial advice to high-net-worth clients,” said Mr Smith.
"Perpetual has enjoyed a strategic partnership with The Private Practice for some time and this acquisition extends that commitment.”
Mr Smith said the Private Practice has developed a “unique business model for delivering education and advice to busy professionals in a structured and accessible way”.
Fintuition director Warren Skinner said the company was pleased its clients and business partners will have the opportunity to benefit from Perpetual's range of services including specialised financial advice, trustee and philanthropic services.
"With Perpetual’s deep history as an independent wealth manager, it was clear from the outset we share a dedication to helping people address their business, financial and lifestyle challenges and opportunities,” Mr Skinner said.
“The Fintuition Group and Perpetual medical specialist clients will benefit from education on medical practice set-up, management and growth, through to lifestyle planning and positioning for succession and retirement.”
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