Integro expands further into Western Australia with merger

Integro Private Wealth has merged with West Australian advice firm Coastline Private Wealth, strengthening its presence across the region.

The expansion is part of the advice firm's strategy to expand its national footprint, while integrating its advice capacity with professional services such as accounting.

Earlier in the year, it also merged with Lighthouse Capital Southwest, based in Bunbury, a regional city south of Perth.

Integro Private Wealth managing partner Justin Gilmour said the merger will bring scale to two high-performing quality businesses.

"Coastline has built a strong business with a clear focus on its clients and the communities it serves. There is already significant value in what the Coastline team has created, and our role is to amplify it," Gilmour said.

Integro will also create a specialist risk division, to ready clients for challenges ahead, including regulatory changes.

"While many firms are stepping back from risk advice, we see a real opportunity to invest in and expand this capability. Risk advice remains an important part of a holistic wealth strategy, and the addition of Coastline's expertise will allow us to strengthen our offering and provide greater support to clients across this area," Gilmour said.

"Coastline Private Wealth has always been strong in this area, and the merger will mean their industry leading expertise is available to all Integro clients."

Fink said Integro shares Coastline Private Wealth's philosophy of providing the best service and building a long-term business, making the merger a natural fit.

"Joining forces gives us the opportunity to retain the things that have made Coastline successful, while providing our clients and team with access to greater resources, expertise and opportunities. It's about building on what we have already achieved, not starting again," Fink said.

Sharp added the merger will open new opportunities for Coastline clients.

"For our team, this opens more opportunities to collaborate, develop and broaden what we can offer clients. We believe we are stronger together and that this will ultimately deliver a better proposition for our clients," Sharp said.

Earlier this year, Integro also brought on a new head of advice for the East Coast, with a focus on growing the firm both organically and through acquisition across different states.