Celebrating their 35th year of success and sustained growth, Newcastle’s Prosperity Advisers Group has announced a merger by combining with P+Y Accountants and Business Advisors – a Brisbane-based Accounting & Tax practice that was established 29 years ago.
Partners, Brenden Yantsch and David Pennell have become Shareholders and Directors of Prosperity on 1 November 2023 and are joined by their team of 11 at the firm.
As a key client group for both Prosperity Advisers and P+Y, the SME sector features prominently in the growth plans for the combined business across its Newcastle, Brisbane and Sydney footprint.
Joining forces means greater access for P+Y clients to an expanded group of services and is a boost to Prosperity’s clients seeking business opportunities in Queensland.
Combining the long history of both teams in delivering quality accounting, tax and advisory services made a lot of sense for Prosperity Advisers, Founder & CEO, Allan McKeown.
“When the opportunity arose to merge with P+Y we were excited by the prospect of working with two leading advisers whose client focus and depth of knowledge matched so well with Prosperity’s DNA.
“Their strong reputation meant there was considerable interest in their firm from all the major players. It is testament to Prosperity’s culture and business model that Brenden and David chose our firm.”
Prosperity Advisers Partner, David Pennell said that this decision came after lots of time to get to know P+Y, their values and people, which aligned with Prosperity.
“Since meeting with the Prosperity Adviser Group partners 12 months ago, we have taken our time getting to know each of them personally and of course we’ve carefully reviewed their business – quality of advice, services offered and their people.”
“There is a deep-seated alignment in our firm cultures. Like P+Y, Prosperity is committed to fostering a work environment that emphasises collaboration, innovation and professional growth. Joining Prosperity allows our team more opportunities to develop with a larger organisation.”
Established in Newcastle in 1989, Prosperity has grown to be a significant advisory firm comprising 20 Directors and 180 staff serving clients through Newcastle, Sydney and Brisbane offices.
IMAGE | Prosperity Advisers Group and P+Y Accountants and Business Advisors team.
Through more than 25 years of successful operation, Prosperity Advisers Group has drawn on the varied technical expertise, industry experience and the resources of its diverse teams to support clients to understand and then achieve their financial goals.
With more than 150 staff across locations in Sydney, Newcastle and Brisbane, Prosperity delivers services in business advice and accounting; taxation; corporate assurance; wealth management; and employee benefits and services.
Prosperity works with individual and family investors, small, medium and large privately owned or family businesses, entrepreneurs, small and mid-cap ASX listed companies, government agencies, state-owned corporations and not for profit groups.