Listed wealth management group Plan B has indicated its wish to further expand in both the international and local financial services markets.
In an address to shareholders, Plan B managing director Denys Pearce earmarked plans to build on its existing adviser network through organic growth and acquisition.
"We are in discussions with several potential additional Partnership Financial Services affinity partners and acquisition targets both on the east coast of Australia and in New Zealand," Pearce told shareholders.
"Such transactions can have extended gestation periods and we are committed to taking a measured approach to ensure that all new partners are properly selected, prepared and integrated into the Plan B Group."
He said Plan B was also looking to acquire equity stakes in financial services firms.
"Plan B also intends to acquire financial services businesses which share or are prepared to adopt our business and investment philosophies, but which are considering divesting ownership of their business in the short term or progressively over several years," he said.
He said since listing on the Australian Securities Exchange in July, Plan B had received a number of unsolicited offers.
As well as targeting Australia and New Zealand for opportunities, he said the company had a long-term strategy for overseas expansion.
The location of the planned expansion was not revealed.
Plan B reported an 11 per cent increase in funds under management to $1.95 billion in the year to September 30.
