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 cancelled the AFSL of a Perth financial services firm following payments to its clients by the Compensation Scheme of Last Resort after a failed managed investment scheme.
Bravura chief executive Andrew Russell has announced he will be stepping down from the company, just under two years after his appointment.
Financial advice businesses with a younger, wealthier client base are enjoying higher valuations and increased attention from potential buyers than those with older clients.
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.
