Matrix Planning Solutions member firm, Collins Financial Group (CFG), has acquired an accounting business to sit alongside the practice's financial planning and risk insurance services.
The LS Collin & Co team, which comprises six staff, including the firm's principal Les Collin, will relocate to the CFG head office in Brisbane and be re-branded Collins Accounting Group.
For CFG clients this means an improved service with integrated professional services so that clients can maximise their time by seeing a financial planner and accountant at the same time.
CFG principal Troy Collins said the primary motivation behind the acquisition was to provide additional services on the back of increasing demand for in-house accounting capabilities.
He said the team offered limited mortgage and lending advice and that down the track it would like to expand services in that area and also introduce advice on general insurance.
"The long-term vision for the Collins Group is to be a highly respected group of financial services businesses with a strong consistent brand, delivering seamless and tailored financial outcomes to an exclusive group of clients and their referrals," Collins said.
"Aside from our head office in Brisbane, we have a satellite office on the Gold Coast and eventually would like to have more satellite offices in other locations."
Collins said in the meantime, both the financial planning and accounting teams were excited about the opportunity to work together and client feedback thus far had been very positive.
