Former Escala Partners co-founders join LGT Crestone

lgt crestone wealth management hires appointments

5 August 2024
| By Laura Dew |
image
image
expand image

LGT Crestone has made two senior hires to its Melbourne office to boost growth in its high-net-worth and family office services.

Steve Collins and Mason Allamby will join the firm as partners and investment advisers, and lead a team providing advice to high-net-worth families, family offices and not-for-profit organisations.

Collins and Allamby previously co-founded Sydney and Melbourne wealth management advisory firm Escala Partners in 2013 where they both worked as advisers, providing services to high-net-worth individuals and families, family offices and not-for-profit organisations. 

Prior to founding Escala, both worked at UBS Wealth Management – Allamby for seven years as an investment adviser, and Collins for more than a decade as an executive director and investment adviser.

In 2019, Escala joined forces in a partnership with New York-based wealth manager Focus Financial Partners which took a partial stake in the firm.

Since then, several of the firm’s staff have moved over to LGT Crestone, including investment advisers Chris Quigley, Steven de Bolfo, and Amelia Kelaher who joined LGT Crestone from Escala last year. They will now work alongside Collins and Allamby.

Other Escala hires include Jonathan Vickers-Willis, Paul Sealey, Will Allen and Gabrielle Coles who are investment advisers and partners in Melbourne, and Matthew Gavshon who is a partner and investment adviser in Perth.

According to Michael Chisholm, LGT Crestone chief executive: “We are delighted to welcome Steve and Mason to our team. Their client-centric ethos and exceptional track record reflect LGT Crestone’s commitment to excellence in financial advisory, and align with our entrenched client-focused culture.

“With a deep understanding of the market and wealth of experience, Mason and Steve play a critical role in our work providing tailored financial advice and strategies to our valued clients,” Chisholm concluded.

Earlier this year, LGT Crestone unveiled a diversified alternatives fund in association with European alternatives investment specialist PG3 AG and alternative asset manager Longreach Alternatives. 

The PG3 Longreach Alternative Strategies Fund offers access to a select group of idiosyncratic and traditionally hard-to-reach asset classes with low correlation to both traditional and private market investments.

In particular, the product’s multistrategy and multimanager exposure focuses on all three of PG3’s key investment areas: insurance finance, royalty finance and litigation finance. These strategies serve as risk and return drivers and effective portfolio diversifiers.

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

2 days 18 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 week ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 5 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 6 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

5 days 23 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

5 days 2 hours ago