The Findex Group has acquired Crowe Horwath International’s Australia and New Zealand business as subsidiary. Through the acquisition Findex Group aims to create a quality, one-stop solution for all the financial services needed by their clients.
Crowe Horwath International is a top 10 global accounting network with more than 150 independent accounting and advisory services firms with 640 offices and nearly 28,000 workers in more than 100 countries around the world. In New Zealand and Australia Crowe Horwath is comprised of more than 2,600 staff in 110 offices.
Financial Index Wealth Accountants (Findex Group) is one of Australia’s larger independent providers of providers of wealth, accounting, estate planning and risk protection advisory services.
The acquisition of Crowe Horwath’s New Zealand and Australian operation, which resulted from a 98.25% vote by Crowe Horwath shareholders, is in line with Findex Group’s ambition to expand its SME accounting services to be able to offer a full range of accounting and financial services to its clients. Spiro Paule, Chief Executive of the Findex Group, explains: “Today is a significant milestone in the development of the Findex Group. It marks the realisation of our vision of creating a financial services group with accounting as the cornerstone offering complemented by financial advice, risk, lending and other related services. Our goal is to provide the highest quality, one-stop solution for all the financial services needed by our clients.”
As a result of the acquisition, Findex Group’s wealth advisory business will be the largest non-aligned advisory business in Australia, having more than AUD $15bn (£8bn) under advice.