Premium adds another practice
Premium Wealth Management has added Boston Private Wealth to its dealer group, the third Queensland-based practice to join the group this year.
Boston Private Wealth, a 25-year-old practice headed up by Neil Heriot, services around 100 clients and has long operated on a fee-for-service remuneration model.
While Premium had not specifically focused on the Queensland area, the state is well known for its boutique advice firms, said chief executive officer Paul Harding-Davis.
According to Premium's Queensland director John Woodhouse, the company keeps finding many boutique advisory firms wishing to gain the support of a national dealer group.
"Queensland has always been a prime location for the boutique firm, given its large number of retirees, small business-people and growth prospects," Woodhouse said.
"We are very excited to welcome Boston to our group and we look forward to announcing further recruitment in the coming months."
Boston Private Wealth is the third Queensland-based practice to join Premium in 2012, with Meridian Wealth and Platinum Wealth joining the dealer group earlier this year.
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