Perfect timing for mergers and acquisitions to help Shadforth achieve ambitious goals.

Shadforth’s CEO Terry Dillon believes that the time is ripe for the company to embark on inorganic growth to meet its ambitious goal of doubling in size by 2030. The firm recently announced its acquisition of PMD Financial Advisers, a Melbourne-based advice business focused on high-net-worth clients, from Insignia Financial. This strategic move will see five staff members and 388 clients transitioning to the Shadforth network, along with $700 million in funds under advice.

Dillon expressed his excitement about the acquisition, highlighting that the average client size and revenue of PMD Financial Advisers closely mirror that of Shadforth’s existing client base. He emphasized that the clients of the acquired firm already receive comprehensive balance sheet advice through a private wealth offering, making them a perfect fit for Shadforth. Dillon also praised the high quality and extensive experience of the advisers at PMD Financial Advisers, expressing the firm’s desire to sustain and enhance their successful careers within the organization.

When it comes to seeking potential acquisitions, Dillon reiterated the importance of finding advice firms that align culturally and philosophically with Shadforth. He stressed the significance of shared values and beliefs, stating that the firm is not interested in simply aggregating disparate businesses but rather in partnering with like-minded professionals who share their commitment to holistic advice and evidence-based investment strategies.

This acquisition represents a significant milestone for Shadforth, as it marks the organization’s first major M&A deal in recent years. The company has primarily focused on organic growth initiatives and internal training programs for its 94 advisers and 63 associates. By strategically selecting firms that align with its core principles and values, Shadforth aims to ensure a seamless integration process and long-term success for all parties involved.

In conclusion, Shadforth’s acquisition of PMD Financial Advisers reflects its strategic approach to achieving sustainable growth and expanding its reach in the financial advice sector. By prioritizing cultural fit and shared values in its M&A endeavors, the company is poised to capitalize on new opportunities and solidify its position as a leading player in the industry.