Securitor embraces new financial services practice
Sealcorp Holdings'Securitordealer group has been joined by Webb Financial Services, the newly created financial planning arm of chartered accounting firm Webb & Co.
The new addition to the Securitor fold has also chosen to use the Sealcorp’s Asgard platform to support its operations.
"We are using the resources of both Securitor andAsgardto quickly gain the administrative support systems we need,” Webb Financial Services managing director Rob Davy says.
Davy claims these systems will more effectively manage the 175 self-managed superannuation funds within the accounting practice and the investment requirements of other clients.
It is expected that Webb Financial Services will use the full range of Asgard’s products, including its Separately Managed Accounts service, eWrap and more traditional master trust products.
Webb & Co, listed as one of Business Review Weekly’s top 100 accounting firms, has an estimated 1,500 clients.
Rob Davy joined Webb Financial Services following his previous position as general manager of Outlook Financial Planning, which had $250 million under advice before his departure in July, 2002.
Recommended for you
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.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
