Professional services company, AZ NGA, has acquired a stake in Sydney-based financial advice firm, Foster Raffan iPlan, and will support the business to accelerate its growth and expansion ambitions.
Based in North Sydney, Foster Raffan iPlan is led by principals Daniel Molesworth and Robert Wood and specialises in wealth management and retirement planning advice.
The business was created in mid-2021 through the merger of established advisory firms Foster Raffan and iPlan. According to Molesworth, the group’s strategic partnership with AZ NGA will provide access to additional capability and capacity, scale benefits and opportunity to be part of a large, dynamic community of advisers, accountants and business leaders.
“Advice businesses today need more support than ever to continue growing and improving the services they offer to clients,” he said.
“We recognised that, in order to achieve our goals, we needed to get bigger and more efficient so we wanted a partner that could help us drive business improvements, negotiate sharper rates and service level agreements, and invest for the future.”
Paul Barrett, Chief Executive Officer of AZ NGA, said the group had been tracking Foster Raffan iPlan’s progress since 2021, after previously looking at the business.
“I have known Daniel and Robert independently for many years and I have been impressed by how they have been able to build their respective businesses and then link up to form Foster Raffan iPlan and really take that business forward,” he said.
“We are attracted to businesses and entrepreneurs who are passionate about their clients and have a clear vision for the future. Importantly, Daniel and Robert understand AZ NGA’s mission and purpose to become Australia’s leading professional advisory group and want to be part of it.”
For more information, please contact:
Chief Executive Officer, AZ NGA
M: 0419 402 319