Accounting firms merge for growth
DKM Group and Powers Financial
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.”