Platinum House opens its doors
Anothergroup of financial planners have thrown their hat into the boutique financial planning market with the launch of Platinum House Financial Planning.
The group has been set up by Jeanie Sinclair and Roy Todarello, who in the past have worked with Lifespan and Hillross, and will become the principal planners.
Todarello says the group will continue to work in the area of corporate superannuation and servicing high-net-worth clients, where they have specialised in the past.
The group boasts a client base with $20 million in funds under management, which Todarello says is driven by a number of executive level clients, particularly in the IT and medical specialists industries.
“Most of the business is from referrals and relationships we have established with accounting groups and at the moment, there has been a peak in the incomes of many executives, further driving them toward advice,” Todarello says.
He says the group has also received clients through links with lawyers and redundancy consultants, as well as its own corporate super business.
The group says it is increasing its client base each month and is also involved in training staff to work on client reviews, but would look at hiring a paraplanner in the near future.
Todarello says the group also aims to recruit more planners to fill out its office in Sydney.
Despite formally launching recently, Todarello says Platinum House actually came into being in November 2000 and received its dealer’s licence in April 2001, before commencing business this year.
AUTHOR
Jason Spits
Recommended for you
The financial advice industry has enjoyed another week of strong new entrant numbers, totalling nearly 40 for the past fortnight, thanks to the latest exam passes.
Momentum Media’s wealth publishing network – comprising InvestorDaily, ifa, SMSF Adviser, Money Management, and Super Review – is proud to launch the annual Australian Wealth Management Awards.
Investment information firm Equity Story has signed a binding heads of agreement to acquire South Australian financial advisory and stockbroker Baker Young for $4.2 million.
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
