AZ NGA backs specialist advice group

AZ Next Generation Advisory (AZ NGA) has announced a strategic partnership with Melbourne-based accounting and advisory business, Rose Partners.

In forging the partnership, the professional services company said the collaboration will allow the two businesses to “share knowledge, collaborate on projects, and drive growth across both organisations”.

Established in 1976, Rose Partners provides a range of advisory services to Australian families and businesses.

Specifically, a significant number of the group’s clients include high-net-worth (HNW) clients and healthcare professionals such as doctors, dentists, pharmacists, and allied health specialists.

AZ NGA chief executive Paul Barrett praised Rose Partners as an “exceptional business” for its dedicated team and ability to bring innovative solutions to the market.

“Rose Partners is a high calibre business with deep specialisation. A number of AZ NGA member firms that operate in the healthcare space have worked with the team there to support mutual clients so there is already a lot of trust and familiarity," Mr Barrett said.

“Together we can learn from one another and achieve much more than we could individually.”

Through the group’s Rose Health division, they assist healthcare professionals looking to buy, sell or finance including due diligence, valuations and transaction support, as well as core taxation services.

Ben Simon, partner at Rose Partners, said the partnership enables the group to achieve key goals and facilitates its expansion plans alongside the creation of opportunities for junior partners to buy in.

“We are a mature business with a highly experienced leadership team and ambitious plans to grow organically and through M&A [mergers and acquisitions],” he said.

“We have the right structure, processes and systems in place to drive efficiencies and growth, and we want to share our knowledge and expertise to create value for our staff, clients and business partners,” Mr Simon concluded.

This is the latest of many firms that AZ NGA has acquired a stake in, following the professional services company’s acquisition of a strategic stake in Victorian mid-tier accounting and advisory firm McLean Delmo Bentleys in February.

In November 2022, multidisciplinary advisory business SCM Financial Group (formerly Scholten Collins McKissock) also joined AZ NGA’s network of accounting and financial advisory firms.