Ignition Wealth to expand into Ireland


Ignition Wealth is boosting its advisory board and executive staff with new appointments with a view to the opening and establishing over Ignition Wealth Ireland, based out of Dublin.
Ignition Wealth chief executive Mark Fordree said Ireland was a competitive choice of destination for business operations, due to its size and business ecosystem.
“We see a strong match between our technology and capabilities and the Irish wealth demographic. Ireland has a small but concentrated population which is a great opportunity for us,” he said.
“We are looking forward to working with the Irish advice industry.”
To assist with the expansion, Irish fintech expert Peter Oakes has been appointed as a member of the Ignition Wealth advisory board, whilst Crowe Horwath has been appointed to assist in capital raising.
Fordree said a base in Ireland would allow for potential further expansions across continental Europe for Ignition Wealth, with a head of operations in Ireland to be announced forthwith.
Recommended for you
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.