Australian Unity Trustees has acquired Canberra-based tax practice Clarkson Williams Partners Pty Ltd (CW Partners) expanding its service offering and customer base in the capital’s growing market.
CW Partners currently provides services to around 1,900 business and private clients, including significant operators in the disability and medical sectors.
Alex Madsen, Executive General Manager, Trustees said the Canberra tax practice was an important addition to Australian Unity’s portfolio, and is a financially profitable and sustainable business with a strong reputation in the local market.
“The acquisition enables our clients to benefit from an expanded offering that will enhance our current trustee services, including the shared knowledge of both businesses, incorporating tax with estate planning, estate management, trusts and financial administration.”
Esther Kerr-Smith, CEO of Australian Unity Wealth & Capital Markets, said the acquisition will benefit CW Partners client base who will not only continue to receive high quality tax advice but can also access a broader range of health, wealth and care products and services that meet their wellbeing needs.
“The acquisition also provides the CW team with access to career opportunities and pathways in the areas of financial services, healthcare, retirement living needs, homecare and disability services as part of the Australian Unity Group.”
“Australian Unity’s purpose is to enable the financial wellbeing of all Australians, and building our on-the-ground presence in Canberra will mean clients can build lasting and trusted connections with our growing local team of accountants, lawyers and financial advisers.”
Partners of the tax practice will maintain their employment with Australian Unity and all permanent employees of the tax practice (12 people) have been employed by Australian Unity.