Stockbroking and funds management firm Euroz Limited ramped up its push into the private advice industry on Friday, agreeing to acquire fellow Perth-based firm Entrust Private Wealth Management.

The agreement incorporates $2.35 million in cash and the issuance of 5.45 million Euroz shares, the company said in a statement to the Australian stock exchange. It followed a trading halt in Euroz stock and is subject to conditions including the completion of due diligence and a formal binding agreement.