Macquarie expands Western Australian team
Macquarie Private Wealth continues to expand its Western Australian business with the addition of two new advisers to its Perth-based team.
Matt Rigg and Tim Reed have joined the team as private client advisers.
Rigg has a background in agriculture and was previously general manager of Australian Agricultural Contracts.
Before this he was a senior trader with Elders Risk Management, providing advice in the agricultural sector.
Reed has 11 years of experience in the financial services industry, and has specialised in the resources sector. He joins the group from Bell Potter Securities where he was a private client adviser.
Macquarie Private Wealth WA state manager Stephen Moloney commented on the importance of the specialised areas of agriculture and resources that Rigg and Reed will bring to the team.
"Resources and agriculture are two crucial industries in Western Australia, and are a particular focus for personal investors in Perth - whether they work in these sectors or are interested in investing into them," Moloney said.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
