Advisory service provider launches wholesale investment business
Financial advisory service provider Partners Wealth Group (PWG) has launched Partners Private, which aims to offer bespoke investment opportunities for high-net-worth individuals.
The firm said it would provide access to investments for individuals that were usually reserved for investment banks, stockbrokers and family offices.
“Each investment opportunity goes through a rigorous process across investment, legal, financial and operational areas within PWG and only the best opportunities are offered to clients,” the firm said.
“Every investment within Partners Private focuses on unlisted, wholesale-only opportunities that offer true diversification to core portfolios and include quality property, equity and debt investments.”
Mathew Cassidy, PWG managing director, said the firm had the potential to provide major investment opportunities for clients that were seeking more than the traditional strategic advice and portfolio management they already receive from PWG.
“Partners Private offers opportunities that they’ve never had access to before, and creates significant diversification of core portfolios through an exciting range of possible investments,” Cassidy said.
“Partners Private clients will receive access to exclusive wholesale investment opportunities which are not traditionally available for retail clients, complementing and enhancing their investment experience.
“Our observation is that individual investors deserve better access to institutional grade investment opportunities.”
Graeme Bibby, chief investment officer, said: “PWG’s retail and wholesale clients can be more assured that they are accessing harder to find and the highest quality offerings from each asset class, and not have to decide for themselves from a very long list of options that may be distributed by others with little discernment of quality”.
AUTHOR
Chris Dastoor
Recommended for you
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
