The Envest Group (Envest), part of The Ardonagh Group, has acquired a majority stake in Wealth Architects, a fast-growing Australian financial advisory business.
The transaction establishes a fourth pillar in Envest’s operations, complementing its general insurance activities across Authorised Representative Networks, Broking, and intermediated and Direct underwriting agency businesses.
The transaction expands Wealth Architect’s specialist risk advisory division and provides future growth capital for M&A. Post-transaction, the combined Wealth Architects business employs a total of 57 staff, including 22 advisers.
As part of the transaction, Wealth Architects has also strengthened its national footprint with the acquisition of PSC Life, a life and disability insurance advisory business formerly part of the PSC Insurance Group, which was acquired in October 2024.
Wealth Architects CEO Callum Mitchener said the partnership would strengthen its ability to service customers.
"Wealth Architects has built a strong reputation for supporting advisors and their clients with comprehensive financial planning solutions," Mr. Mitchener said. "This deal gives us significant runway to expand the Wealth Architect business to meet rising consumer demand for financial advice, grow our footprint to serve clients nationally, and enhance our specialist risk capabilities.”
“Growth capital also provides us the opportunity to welcome other like-minded firms and advisers into the Wealth Architects Group, to share in our success.”
Envest Chief Investment Officer David Ball said the move to partner with Wealth Architects reflects Envest’s commitment to supporting the growing demand for financial services and trusted advice.
“Financial planning and personal risk advisory is a natural adjacency for The Envest Group. The customer proposition, value chain, and success factors in the sector have significant parallels to general insurance broking, and the sector is now benefitting from various tailwinds. We look forward to working with the Wealth Architects team to achieve excellent client outcomes and continued business growth.”
ABOUT WEALTH ARCHITECTS
Wealth Architects is a privately owned boutique financial advisory practice with offices located throughout Australia. Wealth Architects are passionate about helping clients get the most out of life.
Wealth Architects offers retail, HNW, and UHNW clients a full-service wealth management offering, across 14 branches on the East Coast of Australia (NSW, QLD, VIC). Wealth Architects offer advice on a full suite of investment products and services, life, trauma, income protection, and disability insurances.
ABOUT ENVEST
With major offices in Brisbane, Sydney, and Melbourne, Envest is a focused insurance distribution business that delivers creative solutions for customers and partners in Australia and New Zealand. It is the growth platform for The Ardonagh Group in the Asia Pacific region.
Envest has over 50 Australian and New Zealand insurance brands, including the Aviso Group, PSC Insurance Brokers, Resilium, and 20 specialist underwriting agencies, providing advice and service to more than 450,000 customers across Australia and New Zealand. Those businesses collectively employ more than 1,600 staff across office locations in the ANZ region.
ABOUT PSC LIFE
The team at PSC Life provides specialised advice around Business, Group and Personal Life Insurance.
At PSC Life, the aim is to give clients peace of mind by ensuring that business partnerships and families are financially protected should a client suffer a serious injury, illness, death, or total and permanent disability. PSC Life has staff in each PSC Insurance Broking office to provide specialist advice and service.
