Barrett’s AZ NGA acquires stake in SCM Financial Group
Paul Barrett’s AZ NGA has further broadened its footprint this time picking up a stake in self-licensed diversified financial planning and accounting group, SCM Financial Group.
SCM operates as an authorised representative of Elect Wealth Management.
Announcing the transaction today, AZ NGA chief executive, Paul Barrett said the deal demonstrated the firm’s ability and willingness to listen, innovate and tailor a deal to meet the needs of the business.
SCM went to tender with AZ NGA being selected at the end of the process.
SCM chief executive, Aubrey Roga said the partnership increased the ability of the firm to attract and retain the next generation of financial advisers and business leaders.
He said the 12 partners in the business were at various stages in their professional careers with differing goals and timeframes and that the deal with AZ NGA provided greater flexibility in managing succession and promoting new partners.
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