Perpetual completed the acquisition of Jacaranda Financial Planning.

Perpetual, an Australian investment and trustee group, completed the acquisition of Jacaranda, a financial planning company. Financial terms were not disclosed. "In Jacaranda we’ve identified a fast-growing financial planning business with a high quality advice model and culture closely aligned to Perpetual’s, providing Perpetual with an opportunity to help Jacaranda continue to scale efficiently and increase our overall share of the high net worth market on Australia’s eastern seaboard. This transaction is entirely in-line with our strategy of bringing the industry’s best advisers to Perpetual, providing an improved growth profile for both firms," Rob Adams, Perpetual CEO and Managing Director.