Findex expands in Adelaide with Wakeful acquisition

Findex has strengthened its South Australian presence with the acquisition of Adelaide based accounting, tax and self-managed superannuation (SMSF) firm Wakeful Partners.

Findex said the acquisition broadens its local advisory offering as it continues to expand through acquisitors.

The transaction adds accounting, tax and SMSF capabilities to Findex's existing Adelaide wealth management business and forms part of the firm's strategy to provide integrated financial advice across Australia and New Zealand.

Wakeful Partners, founded in 2010, services around 1500 client entities spanning individuals, families and small- to mid-sized businesses. Its directors, Simon Warner and Toby Oakley, will join Findex as partners alongside the firm's broader team.

Findex co-chief executive Tony Roussos said the acquisition addresses a key gap in the firm's Adelaide operations.

"We're pleased to welcome Wakeful Partners to the Findex network. They've built exactly the kind of firm we want to back - deep client relationships, a trusted team, and a strong presence in a market that matters to us," Roussos said.

"This acquisition strengthens our Adelaide presence in a meaningful way by adding accounting, tax and SMSF capability alongside our existing wealth management team."

Roussos said the deal would enable Findex to offer a more comprehensive service to clients while maintaining the local relationships that have underpinned Wakeful's success.

"Adelaide has long been an important market for Findex, and this is a deliberate move to provide a more complete local offering to individuals, families and businesses," he said.

Wakeful Partners director Simon Waner said joining Findex would allow the firm to preserve its client-first approach while expanding the service available to clients.

"Toby and I built the firm based on the foundations of strong client relationships, technical care and practical advice. This next chapter in joining Findex, will allow us to keep delivering that same trusted service, while giving our clients access to a broader range of expertise and support," Warner said.

"Our clients will continue to work with the advisers they know, now backed by the scale and specialist capability of a national network."

The Wakeful Partners team will progressively integrate into Findex over the next 12 to 24 months, establishing a full accounting, tax, SMSF and wealth management offering in Adelaide.