Following the launch of a new practice in Brisbane yesterday, the Magnitude Group today announced the opening of its first Magnitude Private Wealth business in Melbourne, designed to serve high-net-worth investors.
Senior advisers Ralph Wilson and Kyoung Walker will manage the new firm with the aim of developing a family office that caters for all aspects of a client’s wealth needs.
The practice will commence with $250 million in funds under management.
BT Financial Group owns Magnitude, which provides established practices with the support services to assist their growth.
The newly launched Melbourne business brings Magnitude’s nationwide total to seven practices, including Brisbane’s recently opened office at Spring Hill, which is the city’s second Magnitude firm.
