Australian financial advice firms Evans & Partners and Dixon Advisory have agreed to merge for an undisclosed sum.
The combined entity will operate under the name Evans Dixon and have offices in Melbourne, Sydney, Canberra, Brisbane and New York.
It will offer a range of services including asset management, institutional equities and debt, private wealth management, SMSFs and corporate advisory.
Dixon Advisory USA CEO Alan Dixon said that the group will have an “expanded funds management operation, and a consolidation of the presence of our brands in Australia and also in the United States”.
The existing businesses- Evans & Partners, Dixon Advisory and Walsh & Company- will retain their identities under the new group.
The combined group will employ 600 staff, and cater to over 8000 clients representing more than $20bn in capital.
Evans & Partners executive chair David Evans said: “Evans Dixon will see two powerful wealth management brands working together to deliver Australian headquartered, but global facing, innovative and client-focused advisory services."
The merger is anticipated to be wrapped up by the end of November 2016.