Australian Financial Planning Group gets minority investment from Kudu  

Australian Financial Planning Group (AFPG) has received a minority investment from Kudu Investment Management; in a deal whose value was not made public. 

The investment size and other financial terms were not disclosed. 

AFPG, set up in 2001, has 30 advisers and oversees more than A$3bn ($2bn).  

Its operations include financial advice, lending and accounting. 

The Sydney-headquartered firm said the funds will be used to back further expansion, including adding advisers and looking at acquisitions, while keeping its independent ownership model. 

Matt Carter, who founded the business, will remain in charge alongside the existing management team. The company said there will be no change to daily operations. 

Carter said: “We founded AFPG with a commitment to delivering independent, high-quality advice to our clients, and that will not change. 

“Kudu’s minority investment allows us to retain control of our business while providing the capital and strategic support to accelerate our growth, particularly through acquisitions. We’re excited about the opportunities ahead.” 

Kudu Investment Management, which is based in New York and was established in 2015, provides capital to independent asset and wealth managers. 

Kudu partner and co-chief investment officer Chris Shin said: “Australia represents a compelling market for wealth management, supported by strong secular growth drivers and increasing demand for high-quality financial advice. 

“AFPG has built an impressive business with a clear vision and strong leadership. We are delighted to partner with Matt and his team as they continue to expand their business.” 

The investor has backed 34 asset and wealth management firms in the US, Canada, the UK, Europe and Australia.  

As of 31 March 2026, businesses in its partner network managed around $154bn for individual and institutional clients across traditional and alternative strategies and market segments.