Barrett’s AZ NGA makes regional acquisition
Paul Barrett’s Italian-backed AZ Next Generation Advisory (AZ NGA) has moved to establish a regional presence by acquiring RI Newcastle and Lower Hunter.
The company announced today that it had undertaken the transaction which represented a “key plank in the group’s strategy by gaining a foothold in the NSW Hunter region”.
Commenting on the move, Barrett said it signaled the firm’s serious intention to build a strong regional presence.
“Our strategy is to partner with small to medium sized accounting and financial advisory businesses in major capital cities and regional corridors of growth to provide high quality professional services,” he said.
RI Newcastle and Lower Hunter was established in 2001 by Gil Gordon and employs 14 staff including five advisers across three locations – Kotara, Maitland and Lambton.
no they are taxable on selling asset in accumulation, thus CGT usually the main tax.
Totally agree Johnson. But surely it should be done in a way that takes direct action against the perpetrators (most…
Lets not kid ourselves that SMSF advice towards property investment does not need to be targeted
It’s another scam move by ASIC to help their Industry Fund mates from losing clients to Self Managed Super Funds.…
It's an exit fee by stealth.