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

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks 4 days ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month ago

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

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

1 week 2 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

5 days 3 hours ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

4 days 7 hours ago