Silence on Plan B
West Australian financial services group Plan B is remaining tight-lipped about expansion plans into the eastern states.
Plan B has been advertising for more financial planners to be based in Sydney, Melbourne and Brisbane. Currently the company has about 20 planners.
A company spokesman declined to comment on the plans at this stage.
According to the advertisement, the planners will be responsible for providing advice to high net-worth clients as well as business development in those capital cities.
Plan B, previously known as Precedent Financial Services, has enjoyed strong growth from its Perth base in recent years.
In June, 1999 it bought KPMG's West Australian financial planning business and BankWest took a 50 per cent stake in the company last year.
According to the group's Web site, it had 10,000 clients and more than $1 billion of funds under management. The company also has a funds management business called LAMP Management.
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