Aura Group acquires advice boutique

Aura – which has offices in Sydney and Singapore – has made a cash offer to acquire Accountable (AFG) which provides SMSF, insurance and investment advice and was launched in response to the removal of the accountants’ exemption.

“[AFG] allows accountants to continue offering SMSF and superannuation advice to clients by offering multiple solutions ranging from minimum regulatory training requirements, a license which allows accountants to offer bespoke advice authorisations, including general, limited and comprehensive advice solutions,” said a statement.

Aura Group managing director Calvin Ng said he was attracted to the firm’s almost $1 billion in funds under advice and access to SMSF investors.