CentrestoneWealth Advisory Grouphas cemented its first year’s rapid rise, launching a Melbourne office and acquiring another planning practice in Sydney, taking the business past $1 billion in assets under advice.
Centrestone joint chief executive Michael Pillemer says that Melbourne-based planner Gavin Wright has joined the business to kick-start its Victorian operations, as well as Sydney planner Steve Latham.
Pillemer says that these acquisitions total $150 million in assets under advice, taking the group over the $1 billion mark ahead of budget when many other advisory groups are suffering a downturn.
Wright is the chair of theFPAEducation Committee and has studied financial planning best practice in the USA, which Pillemer says gives the Victorian business an outstanding base.
Wright says he joined Centrestone because it had such good focus on ‘the client comes first’ and a fee only ethos.
“I wanted to work with like-minded people who are committed to independence,” Wright says.
