US firm takes minority stake in AFPG

Yasmine Raso

Senior Journalist

25 June 2026

Sydney-based wealth management firm, Australian Financial Planning Group (AFPG), has clinched a minority stake injection from US capital investment firm, Kudu Investment Management, as it looks to step up its expansion plans and acquisition strategy.

The transaction marks Kudu’s 34th investment in an asset or wealth manager, joining the firm’s existing line-up of partners based in Australia – including Channel Capital and Drummond Capital Partners – as well as the US, Canada, UK, and Europe.

The injection will support AFPG’s 30-strong team of advisers currently managing more than $3 billion across its financial planning, lending and accounting services offering.

AFPG’s founder, Matt Carter, confirmed he and the management team will remain at the helm of the 25-year-old business and it will retain its existing independent ownership structure.

“We founded AFPG with a commitment to delivering independent, high-quality advice to our clients, and that will not change,” Carter said.

“Kudu’s minority investment allows us to retain control of our business while providing the capital and strategic support to accelerate our growth, particularly through acquisitions. We’re excited about the opportunities ahead.”

As of 31 March, Kudu’s total partner investment pot stood at US$154 billion, managed on behalf of global individual and institutional investors across both traditional and alternative strategies.

“Australia represents a compelling market for wealth management, supported by strong secular growth drivers and increasing demand for high-quality financial advice,” Chris Shin, Partner and co-Chief Investment Officer of Kudu, said.

“AFPG has built an impressive business with a clear vision and strong leadership. We are delighted to partner with Matt and his team as they continue to expand their business.”