HLB Mann Judd creates wealth management division
Accounting firm HLB Mann Judd Melbourne is set to open a new wealth management division which will be headed by financial adviser Andrew Lord.
The decision to expand into wealth management was one the firm had been reviewing for some time, according to HLB Mann Judd Melbourne managing partner Mark Pizzacalla.
"We believe that offering quality financial planning and wealth management advice to clients is an important component of the overall services that we provide and we have therefore been looking for the most suitable partner to join us," Pizzacalla said.
Lord has 15 years experience in financial services, having started his career in funds management and broking.
He established his own financial planning business in 2002, which has now been merged with HLB Mann Judd.
"With clients increasingly seeking more holistic services from their advisers, a strategy that brings together the accounting and advice services of HLB Mann Judd, and my own financial planning skills, made sense," Lord said.
Recommended for you
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
Responsible investment performance concerns have lessened as the market hits $1.6 trillion in AUM, according to RIAA’s annual report, but greenwashing fears among asset managers are on the rise.
