AZ NGA strengthens Tasmania reach via acquisition

Yasmine Raso

Senior Journalist

15 April 2026

AZ NGA has continued its acquisition streak, this time deepening its existing minority stake in Hobart-based financial advice practice, Foundation Wealth Advisers (FWA), to a full takeover, further establishing the firm’s presence in Tasmania.

Following on from AZ NGA’s recently announced partnership with regional New South Wales-based financial planning, accounting and mortgage broking firm, Back to Back Financial Planners, its acquisition of FWA expands its servicing of retirees and pre-retirees across Hobart and surrounding areas and brings seven staff – including two more advisers – into the fold.

“We’re approaching the next stage of our careers and wanted a partner who would look after our team and clients while helping the business evolve,” FWA Principal and Private Client Adviser, Mark Hudson, said.

“After considering our options, AZ NGA was the clear choice—particularly given the strength of our existing relationship.

“They’ve been collaborative, flexible and highly professional throughout the process.”

AZ NGA confirmed that its pre-existing minority stake in FWA was initially picked up as part of its 2024 acquisition of AMP’s Equity Portfolio.

“Stuart and Mark have built a high-quality, client-focused business with strong, enduring relationships. We’re excited to deepen our partnership and accelerate our growth in Tasmania,” Chesne Stafford, AZ NGA’s Chief Growth Officer, said.

“Our shared values and cultural alignment position us well to build a market-leading advice business and broaden access to high-quality financial advice.”