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WA-85041

AGS Financial Group / Hartley Financial GroupWA-85041

View on ACCC

Processing timeline

29

days

Filed

28 July 2026

Notification waiver determination published

Decision

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

Parties

Acquirer(s)

AGS ACCOUNTING PTY LIMITED ABN - 12 166 728 696, AGS FINANCIAL GROUP PTY LIMITED ABN - 70 093 990 946

Target(s) or Vendor(s)

PLATINUM DIAMOND FINANCIAL SERVICES PTY LTD ABN - 76 615 645 979, TAX AND WEALTH PTY LTD ABN - 45 606 112 805, HARTLEY FINANCIAL PTY. LTD. ABN - 22 124 384 274

Other parties

AZ NEXT GENERATION ADVISORY PTY LTD ABN - 57 167 960 018, ASSOCIATED PLANNERS FINANCIAL SERVICES PTY LIMITED ABN - 38 097 451 495

Summary

AGS Financial Group Pty Ltd and its subsidiary AGS Accounting Pty Ltd acquired the businesses and assets of Hartley Financial Pty Ltd, Tax and Wealth Pty Ltd, and Platinum Diamond Financial Services Pty Ltd (the Hartley Financial Group). This asset sale expands their financial planning, mortgage broking, accounting, and tax advisory services.

Acquisition details

The Acquisition involves 3 transactions: The acquisition by AGS Financial Group Pty Ltd ( AGS Financial ) of the business and assets of Hartley Financial Pty Ltd ( Hartley Financial ), a provider of financial planning and mortgage broking services. The acquisition by AGS Accounting Pty Ltd ( AGS Accounting ) of the business and assets of Tax and Wealth Pty Ltd ( Tax & Wealth ), a provider of accounting and tax advisory services. The acquisition by AGS Financial of the business and assets of Platinum Diamond Financial Services Pty Ltd ( Platinum ), a provider of financial planning and mortgage broking services. Hartley Financial, Tax & Wealth, and Platinum together form the Hartley Financial Group. The Hartley Financial Group has offices in Picton (NSW), Sutherland (NSW) and Parkdale (Melbourne). Its services are provided by 2 financial planners, 5 lending specialists, and 2 accountants. AGS Financial provides financial planning and mortgage broking services. AGS Accounting, a wholly owned subsidiary of AGS Financial, provides accounting and tax advisory services. AZ Next Generation Advisory Pty Limited ( AZ NGA ), which invests in small- to medium-sized financial advisory and accounting businesses, has a minority interest in AGS Financial via AZ NGA’s subsidiary Associated Planners Financial Services Pty Ltd. AZ NGA is an Australian professional services advisory company established in 2014 that owns financial planning 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

26 Aug 2026Notification waiver determination publishedAttachmentPDF148.7 KB

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