IML retail head joins Wheelhouse

IML distribution

3 October 2022
| By Laura Dew |
image
image
expand image

Former Investors Mutual head of retail, Wayne McGauley, has joined specialist income manager Wheelhouse Partners.

McGauley would join the firm in October as head of distribution and be based in Brisbane.

The newly-created role would see him driving the growth of Wheelhouse’s global and Australian equity capabilities, focusing on key accounts, research relationships, asset consultants, independent financial advisers and private wealth.

He previously worked as head of retail at Investors Mutual for 13 years where he was responsible for setting and executing the firm’s retail strategy, and had 25 years’ experience in the industry.

Alastair Macleod, Wheelhouse managing director and portfolio manager, said, ”Wayne’s appointment is a significant milestone in Wheelhouse’s journey as a truly independent asset manager. He brings tremendous wealth experience, knowledge and investor understanding, and we’re thrilled to be working with him as we continue to grow and expand”.

McGauley said: “Having spent 25 years in distribution I understand clearly the needs of retail investors and I am confident in Wheelhouse’s capabilities to deliver consistent and growing income over time, through a systematic process that consistently prioritises risk management. ‘No surprises’ is key for me when it comes to investment returns and I share Wheelhouse’s intense focus on delivering reliable investor outcomes”.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 3 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...

4 weeks 1 day 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....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 1 hour ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 5 hours ago