Wealth management groups Evans and Partners and Dixon Advisory have merged to create a new combined business, Evans Dixon.
Announcing the signing of a heads of agreement to create the merged entity today, the two companies said their existing businesses, Evans and Partners, Dixon Advisory and Walsh and Company, would retain their own identities within the new group.
Commenting on the merger, Evans and Partners executive chair David Evans said Evans Dixon would have an expanded range of capabilities and draw on global industry trends.
“Evans Dixon will see two powerful wealth management brands working together to deliver Australian headquartered but global-facing, innovative and client-focused advisory services,” Evans said.
“This isn’t about capturing synergies – it’s about unlocking opportunities.”
He said the new group would focus particularly on private wealth advice, a space from which a number of high-profile brands had exited recently.
“The combination of companies will also provide scale, consolidating our market positions and investment in the institutional and capital markets services that we offer,” he said.
“We envisage a solid platform to further improve our services and advice to clients.”
Dixon Advisory United States chief executive Alan Dixon said the merger would allow both businesses to broaden their offerings and operations, particularly in the funds management space.
“We believe very strongly that our two businesses offer valuable perspectives to our clients and that the combination will enhance that offering,” Dixon said.
“We look forward to working with Evans and Partners to grow and further develop our strong presence in financial services.”
With offices in Melbourne, Sydney, Canberra, Brisbane and New York, Evans Dixon will service over $20 billion in funds from more than 8000 clients, including SMSFs.