Findex Group acquires Crowe Horwath Australia and NZ as subsidiary

16 January 2015 Authored by Consultancy.com.au

The Findex Group has acquired Crowe Horwath International’s Australia and New Zealand business as subsidiary. Findex Group aims to create a quality, one-stop solution for all the financial services needed by their clients through the acquisition.

Crowe Horwath International is a top 10 global accounting network which in Australia and New Zealand operates with over than 2,600 staff spread across 110 offices. The network comprises of more than 150 independent accounting and advisory services firms globally, with 640 offices and nearly 28,000 workers in more than a hundred countries around the globe.

Financial Index Wealth Accountants or the Findex Group is one of Australia’s larger independent providers of providers of wealth, accounting, estate planning and risk protection advisory services.

Findex Group acquires Crowe Horwath Australia and NZ as subsidiary

The acquisition of Crowe Horwath’s New Zealand and Australian local operations 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. The acquisition resulted from an overwhelming majority vote by 98.25% vote of Crowe Horwath shareholders.

Spiro Paule, Chief Executive of the Findex Group, commented on the move, “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.”

Findex Group’s wealth advisory business will be the largest non-aligned advisory business in Australia, having more than AUD $15bn (£8bn) under advice, as a result of the acquisition.

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