Describing the merger as more than an expansion in size, Daniel Brown, CEO of Coastal Advice Group, emphasized its intent to enhance service quality across Australia. He highlighted the expertise and dedication that Calder Wealth brings to the table, aiming to develop a stronger entity capable of meeting the evolving financial needs of Australians.
The union, backed by Merchant, reinforces CAG's strategic foothold in the national advice sector, leveraging Calder's five decades of experience and robust relationship-building capabilities. The merger also sees an expansion in leadership, welcoming Michael Peters as CFO, Nicole Munday as COO, and Ben Calder as Chief Advice Officer. Ben Calder also joins the board alongside Brown and Merchant's David Hainz.
Calder expressed the significance of this merger in providing growth opportunities for their team and expanding their influence without sacrificing Calder Wealth's unique culture and values. With this merger, Calder Wealth aims to continue delivering comprehensive financial advice while enhancing their Adviser Development Program to ensure the sustainability of high-quality advice.
As the newly formed entity manages $2.5 billion in funds, it underscores its commitment to providing holistic financial advice backed by an evidence-based investment philosophy. This development represents a pivotal evolution for both firms, propelling them to a prominent position within the Australian financial advisory landscape.
