“We understand that many Australians are looking to decrease their cost of living while enhancing their quality of life. Locating in a major regional centre such as this is an attractive alternative to city living,” Mr Kearns said.

“We understand that Newcastle has a high number of self-employed business people and SMSF retirees. The need for sound financial advice is particularly strong among these groups.”

Centric’s Adam Pearsall will head up the new office and emphasised the importance of education and advice for SMSF trustees.

“Changes to super contribution limits and SMSF regulations will impact many individuals and small business owners," he said. "As such, ensuring you are educated about which wealth accumulation strategies are available has never been more important.”