The group confirmed that Retirement Victoria would retain its name, licensing arrangements and its team servicing existing clients.

Retirement Victoria managing director Hugh Dickson plans to retire but will stay on with the business for a few months to assist with the transition.

Fitzpatricks group managing director John McMurdo said he was delighted that Retirement Victoria had joined the group.

“Retirement Victoria now in its 16th year of operation delivers a strongly client-centric, lifestyle-based approach to financial planning, highly consistent with the approach and philosophy practised by the Fitzpatricks group for many years,’ said Mr McMurdo.