AdviceFirst has completed the purchase of the business assets of New Zealand-based Goldridge Wealth Management for an undisclosed sum.
The acquisition will expand AdviceFirst’s team to more than 100 across the country and also expected to boost its capabilities in the wealth management space.
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The purchase comes after AdviceFirst entered into a memorandum of understanding to manage Roost Mortgage Brokers on behalf of AMP.
Mark Ennis, CEO of AdviceFirst, said: "With the added benefit of the Goldridge advisers joining our team, we see a huge value in being able to provide additional wealth management advice to our customers. The acquisition of the Goldridge business strengthens our capabilities in this space and means we can provide more New Zealanders with a full financial services proposition.
"The next few months will see us focus on a transition to combine the best of both businesses and will be communicating with further details during that period," added Ennis.
Founded in 2008, New Zealand-based AdviceFirst has already purchased 18 organizations.
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