Australia’s Macquarie Bank financial planning affiliate Lachlan Wealth Management has linked up with a Sydney-based partner to compliment it...

Australia’s Macquarie Bank financial planning affiliate Lachlan Wealth Management has linked up with a Sydney-based partner to compliment its existing links in Melbourne. Lachlan Wealth Management, which is linked to Macquarie through the Macquarie Wealth Management unit, has announced a deal to partner with Sydney’s CBD Financial Planning. CBDfp, which also has a small operation in Brisbane, is well known in the high net worth market and is headed by two planners well known in the Sydney market – Paul Heanly and John Darwin. Mr Darwin said CBDfp made the decision to partner with Lachlan “because they will enable us to improve the quality of our service.” “We need excellent dealership support, access to the best research and technical services along with the breadth of financial solutions that will help us meet all of our clients’ needs," Mr Darwin said. Lachlan Wealth Management has already partnered with two dealer groups in Melbourne, and the CBDfp deal brings total funds under advice to several billion dollars, almost all of it concentrated on Australia’s eastern seaboard.