Dealer group Infocus Wealth Management has acquired Melbourne-based Performa Financial Services as part of its “succession plan”.

Infocus CEO Rod Bristow says the plan was created in 2014 in response to adviser demand for viable exit strategies.

“Since that time four advice businesses have been acquired, with Infocus also owning 50% of a fifth advice business,” he said.

“With so much change continuing to happen across our industry, we felt it important to ensure advisers had an option ‘on the table’ from Infocus as their business partner.”

Mr Bristow says providing succession planning for advisers is part of the group’s national expansion strategy.

“It is a natural complement to our extensive national dealer group operations because it helps advisers who are seeking to exit the industry or bring on a partner to help fund further growth.

“We focus on advice businesses in major population and growth areas nationally.”