Envest Group, a subsidiary of global insurance group The Ardonagh Group, has taken a controlling interest in Wealth Architects, marking its formal entry into the financial advice sector.
Wealth Architects operates 14 offices across New South Wales, Victoria, and Queensland. Its offerings include investment advice and insurance solutions for retail, high-net-worth, and ultra-high-net-worth clients. The firm’s service model includes comprehensive planning across life, trauma, disability and income protection coverage.
The move adds a new dimension to Envest’s existing operations in authorised representative networks, broking, and underwriting agencies.
Wealth Architects, which offers financial and risk advice across Australia’s east coast, will serve as the platform for Envest’s expansion into wealth and personal risk advisory. The investment also supports the firm’s ambition to scale through acquisitions and organic growth, according to company executives.
The transaction also includes the integration of PSC Life, a life and disability insurance advisory business previously owned by PSC Insurance Group, acquired in October 2024. The firm will now be absorbed into the Wealth Architects structure, strengthening the group’s national footprint and risk advisory capacity.
Following both deals, Wealth Architects will employ 57 people, including 22 licensed financial advisers.
Wealth Architects CEO Callum Mitchener said the new partnership positions the business for long-term growth and enhanced client support.
“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,” he said.
He added that the combined businesses will focus on meeting growing demand for financial guidance, particularly in the areas of life insurance and personal risk.
Envest chief investment officer David Ball said the investment aligns with the company’s strategy to diversify into adjacent sectors with similar operational models and regulatory structures.
“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,” he said.
