Global advice heavyweight continues Australian expansion

financial-planning/financial-services-licence/australian-market/Zurich/

10 February 2015
| By Staff |
image
image
expand image

Global independent advice giant deVere Group has continued its push into the Australian market, launching its first Sydney advisory.

After opening its first Australian branch in Melbourne late last year, the Group, which operated under Meridian Financial's Australian Financial Services Licence (AFSL), said it had been keenly eyeing the market for further expansion potential.

It has been vocal about its plans to move into the Perth, Brisbane, Adelaide and Canberra markets "in the near future".

deVere divisional manager of the ASEAN region, John Brophy, said the Group is looking to recruit advisers to its growing network.

"To achieve our goal of deVere Australia becoming the largest and most trusted independent financial advisory firm in this region within a matter of years, and to meet the growing client demand, we will be recruiting more talented wealth managers to join our already internationally proven teams."

For its new Sydney office, the Group has brought across two senior wealth consultants, Dr Richard Johnsson and Stuart Holmes, to head up the operation.

Johnsson was moved from deVere's Bangkok office, while Holmes came from Zurich.

deVere currently had USD 10 billion under advice and management globally.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 4 days ago

TOP PERFORMING FUNDS