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WA-40035

SCM Financial Group / Strategic Wealth Services GroupWA-40035

View on ACCC

Processing timeline

29

days

Filed

30 July 2026

Notification waiver determination published

Decision

28 Aug 2026Notification waiver determination published
Type
Waiver
Outcome
Approved
Stage
Waiver application
Status
Assessment completed

Parties

Acquirer(s)

SCM FINANCIAL GROUP PTY LTD ABN - 95 659 181 012

Target(s) or Vendor(s)

STRATEGIC FINANCIAL PLANNERS PTY LTD ABN - 15 065 497 270, STRATEGIC SUPER SERVICES PTY LTD ABN - 20 164 018 311, The Trustee for S3 STRATEGIC SUPER SERVICES UNIT TRUST ABN - 25 442 350 701, STRATEGIC ACCOUNTANTS AND BUSINESS ADVISORS PTY LTD ABN - 18 164 018 302, The Trustee for STRATEGIC ACCOUNTANTS AND BUSINESS ADVISORS UNIT TRUST ABN - 91 731 177 189

Other parties

AZ NEXT GENERATION ADVISORY PTY LTD ABN - 57 167 960 018, AZ AUST HOLDINGS PTY LTD ABN - 74 675 083 717, AZ NGA HOLDINGS PTY LTD ABN - 12 675 083 833

Summary

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.

Acquisition details

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.

Industry

Broad:Professional & Business Services

Decisions and key events

28 Aug 2026Notification waiver determination publishedAttachmentPDF148.9 KB

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