Approved · Waiver · decided in 29 days, 28 Aug 2026
UnclassifiedWA-40035ACCC register
SCM Financial Group Pty Ltd, a subsidiary of AZ Next Generation Advisory Pty Ltd, is acquiring all business and client assets of the Strategic Wealth Services Group. This asset acquisition involves providers of financial planning, tax, accounting, and self-managed superannuation fund services, expanding SCM's offerings in Australia.
SCM Financial Group Pty Ltd ( SCM ) proposes to acquire all the business and client related assets of the Strategic Wealth Services Group, which comprises the following 3 entities: Strategic Financial Planners Pty Ltd, a provider of financial planning services; Strategic Accountants and Business Advisors Pty Ltd as trustee for the Strategic Accountants & Business Advisors Unit Trust, a provider of tax, accounting and business services; and Strategic Super Services Pty Ltd as trustee for the S3 Strategic Super Services Unit Trust, a provider of self-managed superannuation fund accounting services. SCM is a provider of financial planning, tax & accounting services and lending services with 2 offices in Surrey Hills in Victoria and St Leonards in New South Wales. SCM is a wholly owned subsidiary of AZ Next Generation Advisory Pty Ltd ( AZ NGA ). AZ NGA is an Australian professional services advisory company established in 2014 that owns a number of financial planning and tax and accounting businesses with operations and customers across Australia. AZ NGA is a subsidiary of AZ Aust Holdings Pty Ltd, whose major shareholders are funds managed by Oaktree Capital Management LP, a global investment management firm specialising in alternative investments, and Azimut Holding S.p.a., a global asset and wealth management business listed on the Milan Stock Exchange.