WLM Financial continues to focus on expansion through further merger and acquisitions (M&As) following the purchase of McGrath Business Advisory in July.
“We’re progressing well. We’re mid-way through [the McGrath merger) and we’re looking at another, and possible a purchase,” WLM Financial director Matthew Walker told InvestorDaily.
“We’re concluding [the McGrath merger) by the 31 December and the other, if we proceed, will be done by the end of January.”
In addition to WLM’s business strategy to continue building scale, the company continues its focus on streamlining technology and managing costs.
As part of the move, WLM Financial has confirmed plans to move financial planning software from Coin to Xplan.
“We are going ahead with that, we’re crossing from one side to the other. We’re also looking to change all our accounting systems so we’re moving from the traditional server-based applications to more web based applications,” Walker said.
In line with plans to streamline its technology, WLM is also looking to build a new wealth management solution for its clients.
“[This] may involve building a completely different platform,” Walker said.
In July, Dan McGrath joined WLM Financial services team as associate director.
The McGrath Business Advisory is expected to be formally merged with WLM by the end of the year.
McGrath will join the WLM board as director and equity holder in the business following the completion of the merger.
