Prosperity Advisers merge with P+Y

Celebrating its 35th year of success and sustained growth, Prosperity Advisers Group is delighted to announce a merger by combining with P+Y Accountants and Business Advisors – a successful Brisbane-based Accounting & Tax practice.

P+Y were established 29 years ago. Partners, Brenden Yantsch and David Pennell have become Shareholders and Directors of Prosperity on 1 November 2023 and are joined by their team of 11 at the firm.

The backbone of Australian business is the SME sector and Queensland is a strong incubator for these businesses. As a key client group for both Prosperity Advisers and P+Y, the SME sector features prominently in the growth plans for the combined business across its Brisbane, Newcastle and Sydney footprint. Joining forces means greater access for P+Y clients to an expanded group of services and is a boost to Prosperity’s SME and private client network.

Combining the long history of both teams in delivering quality accounting, tax and advisory services in the Queensland market made a lot of sense for Prosperity Advisers, Founder & CEO Allan McKeown. “When the opportunity arose to merge with P+Y we were excited by the prospect of working with two of Brisbane’s leading advisers whose client focus and depth of knowledge matched so well with Prosperity’s DNA. Their strong reputation meant there was considerable interest in their firm from all the major players. It is testament to Prosperity’s culture and business model that Brenden and David chose our firm.”

Prosperity is a leading adviser to health sector professionals, SMEs, NFPs, hospitality, government and HNW families so expanding the team to cater for the opportunities and changes across all of these sectors is a key factor in its growth plans. 

Brenden Yantsch said, “Since 1994 when we founded P+Y, our commitment has been to continually expand opportunities and make a positive difference for our clients.” 

“We believe joining forces with Prosperity Advisers Group allows us to take these commitments to a new level as we blend our own expertise with that of a larger, acclaimed and highly resourced multi-disciplinary, accountancy, wealth management and business advisory firm.”

David Pennell added “Since meeting with the Prosperity Advisers Group partners 12 months ago, we have taken our time getting to know each of them personally and of course we’ve carefully reviewed their business – quality of advice, services offered and their people.”

“There is a deep-seated alignment in our firm cultures. Like P+Y, Prosperity is committed to fostering a work environment that emphasises collaboration, innovation and professional growth. Joining Prosperity allows our team more opportunities to develop with a larger organisation.”

The six partner 40 strong Brisbane team are now operating from Prosperity’s Ann Street premises.