Queensland's PWK joins Paragem AFSL
Queensland boutique advisory practice, PWK Private Wealth Advisers has moved under the umbrella of Paragem’s wholesale Australian Financial Services Licence (AFSL) provider, Paragem.
Paragem managing director, Ian Knox (pictured) confirmed the move by PWK today, saying his company would be providing licensing of a full suite of back office services under the AFSL.
He said the move by PWK – made up of principals Clem Piscitelli, David Wilcock and Peter Keogh – brought the number of practices within the Paragem AFSL to 13 looking after $1.3 billion on behalf of clients.
Knox described his business as being a post-Future of Financial Advice (FOFA) model operating in a pre-FOFA world.
He said it was proving attractive to large practices which had had outgrown their current operating environment and wanted to expand “without being strategically lonely”.
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