Australian Financial Planning Group announced that it has secured a minority investment from Kudu Investment Management. Financial terms of the transaction were not disclosed.
AFPG is an independent wealth management firm serving clients across Australia. The Sydney-based firm was founded in 2001 and has a team of 30 advisers.
The company manages more than A$3 billion and provides financial planning, lending, and accounting services.
AFPG plans to use the proceeds from the transaction to support continued growth. This includes expanding its advisor base and pursuing strategic acquisitions while maintaining its independent ownership structure.
The firm will continue to be led by founder Matt Carter and its existing management team. AFPG said there will be no changes to day-to-day operations.
Kudu Investment Management provides permanent capital solutions to independent asset and wealth managers globally. Since its founding in 2015, Kudu has invested in 34 asset and wealth managers across the U.S., Canada, the U.K., Europe, and Australia.
Kudu’s partner firms collectively invest approximately US$154 billion on behalf of individual and institutional investors worldwide as of March 31, 2026.
Johnson Winter Slattery served as legal counsel and PwC served as financial advisor to AFPG. MinterEllison served as legal counsel to Kudu.
KEY QUOTES:
“We founded AFPG with a commitment to delivering independent, high-quality advice to our clients, and that will not change. Kudu’s minority investment allows us to retain control of our business while providing the capital and strategic support to accelerate our growth, particularly through acquisitions. We’re excited about the opportunities ahead.”
Matt Carter, Founder of AFPG
“Australia represents a compelling market for wealth management, supported by strong secular growth drivers and increasing demand for high-quality financial advice. AFPG has built an impressive business with a clear vision and strong leadership. We are delighted to partner with Matt and his team as they continue to expand their business.”
Chris Shin, Partner and Co-Chief Investment Officer of Kudu
