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David Goldschmidt built a respected financial advice business in Subiaco, Western Australia, over more than 30 years. As he prepared to retire, he was focused on finding the right successor to ensure his clients continued to receive the same high standard of care.

After considering several options, David chose Broadleaf because the fit was right for both him and his clients.

Together, David and Richard structured the acquisition of Goldschmidt & Co by one of Broadleaf’s partner businesses, with careful attention to both the commercial terms and the transition process.

The result was a smooth handover, reflecting the trust David’s clients placed in the business he selected to continue his legacy.

Alan started ARA in 2002 having had first-hand experience of the negative impact a larger, disconnected new owner can have on a financial advice business. He wanted to get back to what he believed in: that culture and clients matter more than the bottom line.

Through a combination of Alan’s generosity and the support of other professionals who supported the business in its early days, ARA had many small passive shareholders who by the early 2020s had retired and were largely disconnected from the business. Alan’s daughter Elly was working in the business, alongside a highly experienced leadership team in Alan and General Manager Deb Comben, who were both in the later stage of their professional careers.

Broadleaf helped transition those passive owners out of the business, paving the way for Elly and others in the business to own more of ARA, which aligns perfectly with Alan’s original intention when the business was formed. Whilst transitioning the day-to-day leadership of the business, there has also been significant effort applied to the simplification of ARA’s organisational structure.

Alan is gradually reducing the amount of time he works in the business by spending more time out on the open road exploring our great country.

John had built a successful business and, as he looked toward semi-retirement, began considering the right path for transition. Through a long-standing professional relationship with Dean, he was introduced to Broadleaf.

There were initial conversations between John and Richard, although the timing was not yet right for a change in ownership. When John later decided to actively explore his exit options, he reconnected to begin that process in earnest.

Broadleaf supported the process by making a series of targeted introductions, ultimately leading to Finwest, part of the Broadleaf community, acquiring Forty Seven Financial. While the acquisition marked the end of Forty Seven Financial as a standalone business, its team, systems, and clients continued with Finwest, helping drive significant transformation within the company.

This story reflects the enduring value that can be created through trusted relationships and strong partnership.