U.S. firm Arthur J. Gallagher has announced the acquisition of a Brisbane based wealth manager. The terms of the transaction have not been disclosed.
Founded in 1989, Complete Financial Balance (CFB) is a financial services advisory firm that offers wealth management and employee benefits consulting services to business professionals and individuals throughout Australia.
CFB specialises in superannuation, risk management and asset protection, investment and portfolio administration, business risk insurance, estate planning and retirement planning.
Arthur J. Gallagher is an international New York listed insurance brokerage and risk management services firm headquartered in Itasca, Illinois. It has operations in 33 countries and in Asia has an office in Singapore.
«We are particularly excited to have completed the acquisition of CFB, our first employee benefits acquisition in Australia,» said J. Patrick Gallagher, Jr., (pictured) Chairman, President and CEO of Arthur J. Gallagher.
For CFB Graham Campbell, Tapel Cafer and their associates will continue to operate from their Brisbane location reporting through Leslie Lemenager, Head of Gallagher's international employee benefit consulting and brokerage operations.
Arthur J. Gallagher & Co has been on a buying spree that isn’t likely to end any time soon. In 2012, the global insurance brokerage and risk management company bought 60 companies. In 2013, it was 24 companies and in 2014 it acquired 14 companies.
