William Buck has confirmed it has merged with Melbourne-based firm BR Wellington, effective from 13 September.
The merger will see BR Wellington take on William Buck’s namesake, with all staff relocating to William Buck’s Melbourne office.
The move comes as William Buck looks to accelerate its service offering to Melbourne clients, with BR Wellington’s “deep resources and 125-year history” set to complement this strategy.
“Like with each of our past mergers, this decision was designed to create an environment where we can improve on our delivery of superior client experiences,” said William Buck director Neil Brennan.
“The addition of BR Wellington’s expertise enables us to provide increased value and choice for our clients while building new long-term relationships based on trust. We feel that clients of both firms will now have access to an expanded team of advisers to realise their business and financial goals.”
Commenting further, BR Wellington managing director Joseph Chahin said joining forces with William Buck is a natural step in meeting the evolving needs of clients, both now and in the future.
“Our vision has always been to lead the way and create opportunities,” he said.
“We feel this merger pays respect to our vision by providing us the platform to expand on our existing services and empowering us to broaden our expertise to better service our clients’ business, and now personal wealth, needs.”
This latest merger follows William Buck’s acquisition of North Sydney-based firm IACR Partners in February 2020 and its acquisition of Gold Coast-based Accounting One and Adelaide-headquartered firm Tregloans in July 2019.
In June this year, William Buck appointed Jamie McKeough as the new chair of its Australian and New Zealand operations, replacing former chair Nick Hatzistergos.
At the time of his appointment, Mr McKeough said William Buck would “continue to co-invest and look for opportunities to grow both organically and through strategic mergers and acquisitions”.
This, he said, will enable the firm “to deliver innovative solutions and increased value and choice for our clients”.
“We will do this alongside our pursuit to create positive change in the lives of our people and clients,” he added.
“This reflects our ‘Changing Lives’ philosophy and is embedded in the key pillars of our five-year strategic plan which is centred on people, clients and collaboration.”