Macquarie Private Wealth grows its financial advice numbers


Macquarie Private Wealth has declared the degree to which it is seeking to grow its financial advice footprint, announcing that, in the past six months, it has added 13 new advisers across six of its state offices.
Angela Hayward, Tom Maxwell, Mark O'Flynn and Steven Menyweather have all been appointed private client advisers for the Brisbane team, while Katerina Gagliostro and Wesley Hui have joined the office as associate advisers.
Macquarie's Perth and Adelaide branches have appointed Allie Clarke and Frank Zappia as associate advisers to their respective offices. Adelaide has also Michael Sanderson as a senior private wealth manager.
Joel Wright will be located in Manly, while Tony Gaudry will work in Canberra, as they both take on senior private client adviser roles.
Meanwhile, also taking on private client adviser roles, Danny Chiu and Simon Vanstone have been appointed to Macquarie's Sydney team.
Eric Schimpf, head of Macquarie Private Wealth, said the firm was committed to appointing associate advisers in particular because they could work closely with more experienced advisers to receive training and to add to their skills.
"It is our duty to invest in both the growth of our more experienced team and our trainee advisers who will lead the industry into the future," he said.
Recommended for you
Financial Services Minister, Stephen Jones, has assured the cost and time to enter the financial advice profession will soon be halved, as shadow treasurer Angus Taylor pledges to reach 30,000 advisers.
The positive results of the latest financial adviser exam have helped the advice profession reach 15,600 yet again, according to Wealth Data analysis.
Financial advice firms have told Adviser Ratings they are planning to increase their compliance spend by almost a third, including on enhancements to their cyber security which ASIC has identified as an enforcement priority.
The digital advice platform is officially launching into the financial advice sector, offering up its services to practices as a means of engaging with the next generation of clients.