Newcastle Financial Planning Group merges with Armcrest Financial Advice

Newcastle Financial Planning Group merges with Armcrest Financial Advice

On 11 August 2021, Armcrest Financial Advice merged with Newcastle Financial Planning Group (NFPG).

NFPG forms part of Coastal Advice Group (CAG), a financial planning practice operating across four locations in New South Wales: Central Coast, Sydney, Port Macquarie, and Newcastle.

CEO of CAG, Daniel Brown said the merging of the two advice businesses will allow them to further expand their skillset and experience to deliver even more value to existing clients of the two businesses as well as future clients.

“This acquisition increases the scale and depth of experience in our advice team, which will only benefit our clients’ lives. As a growing team, we are always looking for ways we can provide better services, greater support and more resources to our collective clients,” Daniel said.

Managing Director of Armcrest Financial Planning, Tom Momsen has 14 years’ experience in the financial advice industry and is excited about uniting with CAG to be able to support more Novocastrians.

“The entire Armcrest team is really excited by this merge and to join forces with such a highly motivated team,” Tom said.

“We have some big developments coming over the next 12 months and we are confident this will only result in better outcomes for all.”

Following the official merger, Tom has now moved into the role of Head of Advice and Senior Financial Adviser, where he will coordinate and mentor all the financial advisers across CAG while still servicing his valued client base.

Tom is joined by two advice support staff including a Paraplanner/Head of Compliance and a Client Success Manager.

Tom and Daniel have had a professional relationship for 14 years and have previously worked together. Daniel said he is looking forward to seeing the new dynamic that Tom will bring to the CAG team.

“Tom is an extremely dedicated adviser and an incredibly hard-working professional. I couldn’t think of a better person to run and individually mentor our growing advice team,” Daniel said.

“The growth of our team means we are able to pair our clients with a specialist adviser who has similar passions to them, plus the necessary experience and expertise in the areas of advice they require support, resulting in greater success for all our clients.”

As a business owner-operator and driver of excellence, Daniel is extremely proud of the growth and success the business and the advisers have achieved so far.

“We have completed four acquisitions so far this year and are becoming known for aiding Financial Adviser succession and ensuring a smooth transition for all the client of those businesses,” he said.

“The entire CAG team has worked so hard to achieve all they have. We are continuously moving towards our goal of helping every Australian understand and enjoy the benefits of receiving financial advice.

“We are excited about the fresh perspective and new ideas Tom and the Armcrest team can bring to the table as we continue to grow our business and help more people have easier access to high quality advice,” Daniel concluded.

CAG is currently opening a new advice practice in Port Macquarie and has plans to establish additional practices on the Mid-North Coast.

IMAGE | Managing Director of Armcrest Financial Planning, Tom Momsen and CEO of Coastal Advice Group, Daniel Brown (left-right).

Newcastle Financial Planning Group

Newcastle Financial Planning Group do things differently. Where many financial planners look at your income and assets and then tell you what you can achieve, NFPG like to start by understanding the essence of the life you want and work backwards from there. Everyone is different, so every financial plan should be tailored to the individual lifestyles and goals of their clients.

Their team of financial planners are passionate about delivering the best possible outcomes for their clients. NFPG’s key strengths are really listening to their clients’ desires, ambitions, goals and dreams to ensure that the plan they create together is one they mutually agree to and continue to develop over time. NFPG utilises all relevant strategies and products to ensure their financial planners continue to evolve and deliver meaningful outcomes for their clients.

NFPG is committed to forming lasting life-long relationships with its clients and supporting them through life’s up and downs. Dedicated to excellence and exceptional client support, the team promotes and encourage positive change within their industry and community.

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