Ac­count­ing firms merge for growth

DKM Group and Pow­ers Fi­nan­cial

The Coffs Coast Advocate - - BETTER BUSINESS -

COFFS Coast firm DKM Group has merged with equally well-es­tab­lished cen­tral and south-east Queensland firm Pow­ers Fi­nan­cial Group and will be join­ing the global mid­mar­ket ac­count­ing and ad­vi­sory ser­vices net­work Moore Stephens.

The two busi­nesses are merg­ing to form Moore Stephens Queensland and North­ern New South Wales (Moore Stephens QNNSW), trad­ing as such from May 1.

DKM Coffs Har­bour Di­rec­tor Paul Sy­mons said Pow­ers, like DKM, has a long his­tory built on a strong re­gional back­gournd, orig­i­nat­ing from Biloela in Cen­tral Queensland.

“Pow­ers has been in op­er­a­tion for more than 50 years and it will mean we will now have a strong pres­ence in Queensland and North­ern NSW,” Mr Sy­mons said.

Mr Sy­mons, who has been part of DKM for more than 30 years, said join­ing the in­ter­na­tional Moore Stephens net­work will en­sure the firm can of­fer ad­di­tional ser­vices to help their clients.

He said Coffs Har­bour had evolved into a busi­ness and fi­nan­cial hub since be­com­ing one of the first sites in Aus­tralia to get the NBN, so the needs of their clients had evolved.

“The NBN opened up the world, along with eas­ier travel and we have clients out of Coffs Har­bour un­der­tak­ing busi­ness in the US, Asia, UAE and in­creas­ingly look­ing at op­por­tu­ni­ties to ex­pand both do­mes­ti­cally and in­ter­na­tion­ally,” he said.

“As our clients grow their busi­nesses we will now be in a prime po­si­tion to as­sist with the sup­port and struc­tures in place of a global ac­count­ing firm.”

How­ever, Mr Sy­mons said just be­cause the firm is now part of a larger group does not mean it will lose its lo­cal feel.

“All of the firm’s clients will re­ceive the same ser­vice at the same price from their ex­ist­ing ad­viser.

“We are very proud of our long his­tory of de­liv­er­ing for clients and this will def­i­nitely not change.”

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