Global advice heavyweight continues Australian expansion
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.
Recommended for you
Professional services group AZ NGA has made its first acquisition since announcing a $240 million strategic partnership with US manager Oaktree Capital Management in September.
As Insignia Financial looks to bolster its two financial advice businesses, Shadforth and Bridges, CEO Scott Hartley describes to Money Management how the firm will achieve these strategic growth plans.
Centrepoint Alliance says it is “just getting started” as it looks to drive growth via expanding all three streams of advisers within the business.
AFCA’s latest statistics have shed light on which of the major licensees recorded the most consumer complaints in the last financial year.
