OneVue, a SMSF service provider, has acquired Australia-based self-managed super fund (SMSF) administration business Super Managers Australia, in a move to expand its services to tax and audit.
Folowing the acquisition, Super Managers Australia will become a subsidiary of OneVue and will be rebranded as SMSF Managers, based in Australia.
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As part of the deal, OneVue will retain all staff including client investment and SMSF services manager Peter Renner, senior accountant Salvatore Solano, and accountant Adam James.
OneVue chief executive Connie Mckeage said that the acquisition complements the existing investment administration business that OneVue has and also extends OneVue’s SMSF services in the areas of tax and audit.
Mckeage said; "As much as this transaction is about creating opportunities with new clients, it is also about strengthening services and increasing capabilities offered to existing clients."
"SMSF Managers will have the ability to grow via wholesale arrangements with partners of OneVue and the opportunity to accelerate our growth ambitions in the SMSF sector together is very appealing," Mckeage added.
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By GlobalData
