Genesys Wealth Advisers, financial advice arm of AMP, has acquired Wealth Plus Solutions and three other financial planning practices to its adviser dealer group.
Wealth Plus Solutions has 11 advisers across its two offices in Perth and Adelaide.
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The other three practices are Rancie McLean, Frontier Financial Group and Palmer Financial, all of which are based in Melbourne.
Genesys Wealth Advisers managing director Paul Robertson said: "The Wealth Plus Solutions team is a good professional and cultural fit with Genesys, sharing a passion for quality financial advice and helping more Australians secure their financial futures.
"We look forward to partnering with this dynamic practice to help them achieve their plans for growth.
"Genesys is committed to helping practices achieve their growth ambitions, and providing the resources and support required to help them build their business," Robertson added.
Robertson said Genesys focus is on helping advisers grow their revenue and profit, both organically and through managed growth such as sourcing client bases and tapping into in-house support programs.
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By GlobalDataWealth Plus Solutions principal Robert Crane said Genesys has offered them a compelling support program to help them grow their business.
"Finding a licensee that could support our growth needs was of upmost importance and with financial advice at its heart we know the interests of our advisers and clients are well-represented with Genesys," Crane said.
"Genesys offers a strong value proposition and our advisers and clients will benefit from being supported by a group with the size, scale and resources of AMP," Crane added.
Altogether, the four practices have added 20 advisers to the dealer group, bringing the overall number of advisers in the Genesys network to 188.
