Queensland's PWK joins Paragem AFSL

financial services licence financial advice australian financial services

20 June 2011
| By Mike Taylor |
image
image
expand image

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”.

Homepage

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 2 weeks ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 2 weeks ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

6 days 22 hours ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

3 weeks 6 days ago

The Reserve Bank of Australia's latest interest rate announcement has left punters disheartened on Melbourne Cup Day....

5 days 21 hours ago