Banks Group announces the acquisition of SPC Financial Planning

We are delighted to announce that Banks Group has acquired SPC Financial Planning (SPCFP) effective 1 November 2021.

SPCFP owner Claudio Orrico has joined Banks Group as a partner and he has also brought along three additional team members. This includes another financial adviser who will join Banks Group’s wealth management division, BG Private Clients.

As a result of the acquisition, BG Private Clients now has five financial advisers who focus on goal-based holistic financial advice, as well as three specialist advisers who focus on self-managed superannuation funds, risk insurance and aged care.

Wealth Management Partner Rocky Sorrenti says, “This is exciting news for the firm and our clients, as our wealth management team will grow to 17 members which helps provide us with the scale required to continually enhance our client service offerings. In addition to this, the funds under management will grow by $140m to $525m.”

Claudio and his team joined Banks Group at its Hawthorn office on Glenferrie Road on 1 November and will also have a second office at 269 Centre Road, Bentleigh.

Talk to us…

    Banks Group is an association of independent firms that operate in Melbourne, Sydney and Auckland under the same trading name. Neither the Melbourne Banks Group, Sydney Banks Group or Auckland Banks Group are partners or agents of each other and shall not be liable for any act or omission of each other. Liability limited by a scheme approved under Professional Standards Legislation


    All services are provided as a Corporate Authorised Representative of Magnitude Group Pty Ltd (ABN 54 086 266202, AFSL 221557).


    Financial Planning Services provided as an authorised representative of Count Financial Limited ABN 19 001 974 625 Australian Financial Services Licence Holder Number 227232 a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Count is a Professional Partner of the Financial Planning Association of Australia Limited. Count advisers are authorised representatives of Count.

    "Please note that any taxation and accounting services are not endorsed nor the responsibility of Count Financial Limited".