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Family Business Association and Hood Sweeney join forces in inaugural state partnership

Family Business Association (FBA) has signed a partnership agreement with Hood Sweeney, forging its first state-based partnership in South Australia.

1 February, 2024
About Us, South Australia, Article, Family Business, Partners
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Family Business Association (FBA) has signed a partnership agreement with Hood Sweeney, forging its first state-based partnership in South Australia.

FBA is committed to building state-based partnerships, throughout Australia, with local providers who have a deep connection and expertise in family business. Through a combination of their existing national partnerships and new state-based partnerships, FBA is establishing a comprehensive support network for all members to grow and thrive.

Family businesses are integral to the Australian economy, accounting for 70% of all Australian businesses and 50% of the workforce. Despite the current challenging economic climate, both locally and globally, Australian family businesses are reporting sustained growth year on year.

Family businesses face unique challenges and require tailored expertise in financial management and succession planning to continue this growth phase into the future.

Tim Whittaker, Director and owner of Adelaide Direct Stationers, a second-generation family business, is both an FBA member and a longtime client of Hood Sweeney’s Accounting & Business Advisory. He says the partnership brings together two organisations aligned in their purpose to serve and support family businesses, “which can only be positive”.

“If anything, the partnership will further broaden our networks,” said Mr Whittaker.

Hood Sweeney advisors worked with Adelaide Direct Stationers to develop a succession plan. And Mr Whittaker said FBA membership has provided the “benefits of a support network and shared experience” with family businesses that face the same challenges.

Hood Sweeney has provided professional services, including Accounting, Business Advisory and Financial Planning to family business clients for more than four decades.

This new partnership is a natural progression of our focus and our vision as a client-first firm, said Hood Sweeney Managing Director Marisa Riccio.

“Supporting family businesses through our array of services and skills, and with the expertise of our FBA Accredited Advisors is at the core of what Hood Sweeney does.

“We look forward to working with FBA CEO Catherine Sayer and State Representative for SA & NT, Amanda Russell to share our professional expertise with their members,” said Ms Riccio.

Catherine Sayer, FBA CEO said she was delighted that FBA is partnering with Hood Sweeney in SA. She said: “I have known Hood Sweeney for many years and we know FBA members will benefit from hearing first-hand from Hood Sweeney advisors about some of the ways they assist family businesses with their most pressing issues around financial management, succession planning and other family business topics.”

“We’re aware of Hood Sweeney’s solid reputation in this space and look forward to engaging more with their FBA Accredited Advisors,” said Ms Sayer.

Hood Sweeney is a South Australian professional services firm with more than 46 years’ experience. With 140 staff in Adelaide and regional offices in Clare, Whyalla, and Kadina, Hood Sweeney serve more than 3,000 clients, including family businesses, small-to-medium businesses, and professionals. They provide Accounting & Business Advisory, Financial Planning and Finance, Technology Services, Marketing, and a range of consulting services for growing business, through Blue Jam, Hood Sweeney's vision is to be the pre-eminent integrated services firm for family businesses and professionals in their areas of industry specialisation, which include Agribusiness, Food, Wine & Hospitality and Healthcare providers.

Learn more about Hood Sweeney