SCM Financial Group

What SCM Financial Group does

SCM Financial Group is an Australian privately-held financial services firm founded in 1985 and headquartered in Surrey Hills, Victoria, with a second office in St Leonards, New South Wales. The group operates through affiliated entities: SCM Wealth Management Pty Ltd (authorised representative of AFSL holder Elect Wealth Management Pty Ltd), SCM Finance Solutions Pty Ltd (accredited mortgage broker with LM Broker Services / Loan Market Group, accessing over 60 lenders), and accounting and insurance divisions. It delivers four integrated service lines — wealth management, accounting and advisory, finance solutions (mortgage and commercial broking), and personal risk insurance — to individual clients, business owners and investors, and retirees across Australia's eastern seaboard. The firm is sales-led through its network of financial advisers, with revenue generated from advisory fees, mortgage brokerage commissions, insurance commissions, and professional accounting fees.

Name

SCM Financial Group

Legal name

Elect Wealth Management Pty Ltd

Website

https://scmfg.com.au

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

SCM Financial Group is an Australian private financial services firm founded in 1985 offering wealth management, accounting, mortgage broking, and insurance advice to individuals, business owners, and retirees across Victoria and New South Wales.

Ownership category

akta.pro rank

Headquarters

HQ city

Surrey Hills

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Wealth Management Advisory Fees: Fees earned from providing financial planning and wealth management advice to individual clients, including investment strategy, superannuation, and retirement planning services.
2. Finance Solutions/Brokerage: Commission and fees earned from arranging home loans, refinancing, and other lending products through SCM Finance Solutions as an accredited mortgage broker with access to over 60 lenders.
3. Insurance Advisory Services: Fees and commissions from providing risk insurance advice including life insurance, income protection, trauma, and total permanent disability coverage.
4. Accounting & Advisory: Professional accounting services including tax advice, business advisory, and compliance services for individuals and businesses.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

SCM Financial Group is an Australian financial advisory practice that delivers wealth management and financial planning, accounting and SMSF advisory, finance solutions (mortgage broking, SMSF lending, and commercial loans through a panel of 60+ lenders), and personal insurance advice. The firm operates through licensed subsidiaries under the parent Elect Wealth Management Pty Ltd and provides these services to individuals, families, business owners, and retirees seeking holistic financial advice rather than single-product transactions.

Product overview

SCM Financial Group operates as an integrated financial services firm offering four core service areas: Wealth Management, Accounting & Advisory, Finance Solutions, and Insurance. The Finance Solutions division (SCM Finance Solutions) provides access to over 60 lenders for residential lending, SMSF loans, commercial finance, and property development. The Insurance division offers personal risk coverage including life, total permanent disability, trauma, and income protection insurance. Wealth Management delivers financial planning and investment advisory services. The group also utilises AI-powered tools for meeting transcription and documentation as part of its service delivery.

Differentiator

Problem solved

Functional benefit

Products and services

• Wealth Management Financial planning and wealth management service for individuals, families, and business owners, covering investment strategies, retirement planning, superannuation, and ongoing advice. Delivered under SCM Wealth Management Pty Ltd, a licensed AFSL entity, and targeted at Australian households seeking long-term holistic advice.
• Accounting and Advisory Tax compliance, business accounting, and SMSF accounting and advisory services for individuals and small business owners, designed to integrate with the firm's financial planning and lending advice.
• Finance Solutions Mortgage broking and lending service providing home loans, SMSF loans, business financing, and commercial loans by accessing a panel of 60+ Australian lenders. Delivered through SCM Finance Solutions Pty Ltd for individuals, families, and business owners needing consumer, investment, or commercial credit.
• Insurance Advisory Personal insurance advice covering life, total and permanent disability (TPD), trauma, and income protection cover, structured to align with the client's wealth, lending, and superannuation strategy.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Elect Wealth Management Pty LtdcoreStrategic or Co-development PartnerElect Wealth Management Pty Ltd is the Australian Financial Services Licensee under which SCM Wealth Management Pty Ltd operates as an authorized representative. This is the primary licensing and compliance framework for the wealth management division.
• BLSSA Pty LtdcoreChannel Partner/ Reseller/ DistributorBLSSA Pty Ltd (Australian Credit Licence 391237) is the credit licence holder under which SCM Finance Solutions Pty Ltd operates as Credit Representatives. This licensing arrangement enables the company to provide credit assistance and mortgage broking services.
• LM Broker Services Pty LtdcoreChannel Partner/ Reseller/ DistributorSCM Finance Solutions is an accredited broker of LM Broker Services Pty Ltd (Australian Credit Licence 517192), providing access to the Loan Market Group broker network and lending products.
• Loan Market GroupcoreChannel Partner/ Reseller/ DistributorLoan Market Group provides the operational infrastructure and lender access for SCM Finance Solutions' mortgage broking operations, including privacy policy and consumer privacy frameworks referenced in company documentation.
• Financial Planning Association of Australia (FPA)minorOthersThe company maintains membership in the Financial Planning Association of Australia, with advisers holding CFP (Certified Financial Planner) designations. The FPA logo appears on company materials indicating professional association membership.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• Count Financial: Australian financial advice dealer group providing financial planning, wealth management and lending solutions to individual clients through authorised representatives — comparable adviser-network structure and product breadth.
• Fortnum Private Wealth: Australian financial advice and wealth management firm offering financial planning, investment, insurance and lending services to individuals and small business — comparable boutique advice model.
• Bridges Financial Group: Australian financial planning and wealth management firm providing financial advice, superannuation, insurance and lending products to retail clients across multiple offices — directly comparable multi-service advice model.
• Infocus Securities: Australian financial advice firm providing financial planning, investment, superannuation and insurance advice through a network of advisers — comparable size and integrated advice offering.
• Shadforth Financial Group: Australian financial advice and wealth management firm offering financial planning, superannuation, insurance and lending solutions through a network of advisers — directly comparable integrated advice model to SCM.
• Capstone Financial Planning: Australian financial planning dealer group offering financial advice, wealth management, insurance and lending solutions to retail and small-business clients — comparable adviser-network model.
• Astute Financial Management: Australian mortgage broking and financial advisory firm with access to multiple lenders, similar to SCM Finance Solutions' accredited-broker position and integrated advice offering.

Broad incumbents

• Mortgage Choice: Listed Australian mortgage broking franchise with national footprint and panel of lenders — comparable lending intermediation business, but materially larger and more diversified than SCM Finance Solutions.
• AMP Limited: One of Australia's largest wealth management and financial advice groups, providing financial planning, superannuation, banking, lending and insurance — overlapping with all four SCM service lines but operating at vastly greater scale.
• Aussie Home Loans: Major Australian mortgage broking and home loan franchise with extensive lender panel and integrated financial services — comparable lending intermediation model at much larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/scmfinance

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SCM Financial Group