Sharebroker Forsyth Barr is again expanding its network by later this month taking a 50% interest in Hastings-based NZX firm Esam Cushing.
Forsyth Barr managing director Neil Paviour-Smith said the two companies shared the same values and that joining together was a positive step for both firms.
In the past 18 months, Forsyth Barr had expanded from 11 branches throughout the country to what would now be 19 branches and about 110 investment advisers.
Esam Cushing man-aging principal Paul Clothier said the firm had looked at various options for the future of the company and regarded joining with Forsyth Barr as a positive outcome for clients and staff.
"We will be able to provide clients with access to high-quality research, systems and investment reporting as well as a full range of products and services to ensure we can continue to meet their ongoing investment requirements."
