Premium announces long-term growth strategy

Premium Wealth Management has outlined its long-term growth strategy for the next 12 months, which includes the establishment of mortgage and risk insurance divisions.

Speaking at Premium’s business conference, group chief executive officer Chris Saunders outlined the other initiatives to be implemented, including enhanced paraplanning support, online stock broking capabilities, refined professional development programs and succession planning assistance.

According to Saunders, Premium’s objective is to remain a boutique dealer group providing a personalised service that proactively complements the business activities of its practice managers and advisers.

“A major benefit of Premium’s size and independent ownership structure is the ability to respond quickly and assertively to any market and investment opportunities that will be of benefit to the group’s advisers and their clients.”

Saunders said the overall strategy underpinned Premium’s long-term business objective of sustained, manageable growth as a boutique dealer group.

“Premium has an excellent marketplace reputation and this will provide the foundation for a recruitment program targeting high calibre, experienced financial advisers who are seeking a progressive, non institutionally owned or aligned dealer group comprised of like minded industry professionals providing the opportunity for equity participation and fostering organic practice growth,” he said.

Saunder’s also acknowledged that merger and acquisition opportunities would be considered within this time period.