Capital Haus acquires Adelaide advice firm, unveils UHNW offering

Australian private wealth specialist, Capital Haus, has announced its acquisition of Adelaide-based advice firm, Baker Young, and unveiled its new solution designed for ultra-high-net-worth (UHNW) clients delivering access to untapped wholesale and global private credit opportunities.

The acquisition will see Baker Young deliver over 6,000 serviced clients and $700 million in funds under management (FUM) under the Capital Haus banner, taking total FUM over $1 billion. Capital Haus said the acquisition was intended to further “redefine” the financial advice industry, providing high-quality portfolio services and access to institutional-grade investment offerings.

Baker Young’s senior principals, Alan Young and David Baker, will remain with the business in advisory roles as it transitions to new branding, ‘Baker Young, a Capital Haus company’. According to a statement, Baker Young will also leverage Capital Haus’ capabilities in “institutional infrastructure, portfolio management systems, and research”.

“Baker Young has been a cornerstone of South Australia’s advice community for four decades, built on deep relationships and trust. We feel privileged to be the next custodian of that legacy,” Brendan Gow, Founder and CEO of Capital Haus Group, said.

“By moving our existing client base across to the Baker Young brand, as well as launching the new Baker Young Private service, this deal represents more than just a passing‑the‑torch moment. We’re combining heritage and innovation to set a new standard for financial advice at a time when the industry needs it most.

“We believe the future of advice belongs to firms that can combine old‑fashioned relationship banking with modern, global wealth capabilities. By bringing Baker Young into the Capital Haus family, we’re preserving one of Australia’s great advisory brands while building a platform that can serve the next generation of investors.”

As part of the acquisition, Baker Young’s existing clients will remain with the same personal advisers at the same time as gaining access to “group-level global research, multi‑asset solutions and cross‑border capabilities”.

Capital Haus was first founded in Sydney in 2019, before expanding into global locations including Dubai and Zurich.

“For 40 years, our focus has been simple: put clients first and build relationships that span generations. Capital Haus shares that philosophy,” Alan Young, Co‑Founder and Joint MD of Baker Young, said.

“We are planning for the long term – for our clients, our team and our brand. Becoming part of the Capital Haus Group means our legacy will endure, while also providing stability for clients, as well as access to exciting new opportunities. It is the right succession step for our practice and a positive evolution for our clients.”

“We’ve spent four decades building Baker Young on a foundation of trust, personalised service, and consistent performance. We’re energised by the shared vision Capital Haus is pursuing and we’re proud to be part of it,” David Baker, Co-Founder and Joint MD of Baker Young, said.