Double launch increases Magnitude
Following the launch of a new practice in Brisbane yesterday, the Magnitude Group today announced the opening of its first Magnitude Private Wealth business in Melbourne, designed to serve high-net-worth investors.
Senior advisers Ralph Wilson and Kyoung Walker will manage the new firm with the aim of developing a family office that caters for all aspects of a client’s wealth needs.
The practice will commence with $250 million in funds under management.
BT Financial Group owns Magnitude, which provides established practices with the support services to assist their growth.
The newly launched Melbourne business brings Magnitude’s nationwide total to seven practices, including Brisbane’s recently opened office at Spring Hill, which is the city’s second Magnitude firm.
AUTHOR
Recommended for you
As the government announces a public inquiry into the collapse of Dixon Advisory, risk adviser Richard Silberman has detailed the three areas that typically lead to an AFSL's collapse.
With a growing number of advisers now running their own business, they need to pivot their career identity to being a business owner rather than just as a financial adviser if they want to futureproof their business.
Zenith Investment Partners has launched a range of new managed account portfolios over the past quarter, including on Insignia Financial’s Expand platform.
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
