Envest acquires Wealth Architects

Envest , part of The Ardonagh Group, has acquired a majority stake in Wealth Architects, an Australian financial advisory business. The deal adds a fourth area of focus for Envest, alongside its existing work in authorised representative networks, broking, and underwriting agencies.

The transaction will expand Wealth Architects’ specialist risk advisory division and provide growth capital for future M&A. The combined business now employs 57 staff, including 22 advisers.

As part of the transaction, Wealth Architects also acquired PSC Life, a life and disability insurance advisory business formerly part of PSC Insurance Group, which was acquired in October 2024.

“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.”  -Envest Chief Investment Officer David Ball.