EWM merges with smaller Foster Raffan iPlan | Australian Markets
In what represents additional consolidation within the AZ-NGA community, Eureka Whittaker Macnaught and Foster Raffan iPlan have merged.
The merger sees the creation of a multidisciplinary firm with 44 staff together with 20 financial advisers throughout six places in NSW and Queensland.
The merger represents EWM’s third transaction in 12 months with the group saying it alerts its intention to proceed growing via each mergers and acquisitions and organically.
Foster Raffan is predicated in North Sydney and is led by Daniel Molesworth and Robert Wood.
Commenting on the transaction, EWM chief government, Greg Cook mentioned the latest mergers had already delivered some scale advantages, together with operational and price efficiencies which might solely speed up over time.
Both EWM and Foster Raffan iPlan are half of the AZ-NGA skilled advisory group.
Foster Raffan iPlan co-founder, Daniel Molesworth mentioned the deal permits staff and shoppers to faucet into the advantages of being half of a bigger entity.
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