Brian Thomas to lead Perennial push into adviser arena
Perennial Investment Partners has moved to extend its reach into the financial planning community and has appointed the former head of distribution at Credit Suisse Asset Management, Brian Thomas to lead the push.
The move was announced today by Perennial Investment Partners managing director, Anthony Patterson who said the push into the financial planning arena followed on from IOOF’s announcement that it would be transitioning responsibility for sales, marketing and product development of all Perennial investment capabilities to Perennial.
He said Perennial intended to build on its institutional base and offer advisers improved access to its existing wholesale product range.
“Given the structural shifts in the industry, it is imperative for Perennial to service not only the wholesale market but the underlying investors and their advisers,” Patterson said.
AUTHOR
Mike Taylor
Recommended for you
Adviser Ratings’ latest financial landscape report finds there is a demographic of advice practices achieving an average revenue of $5 million, with only 3 per cent of practices overall seeing a revenue decline.
The FAAA is calling for regulators to take a partnership approach with financial advisers regarding incoming legislation, rather than treating the industry as “guinea pigs”.
There have been strong numbers of returning advisers this year so far, according to Wealth Data, already surpassing the same period for 2024.
Less than one-third of Australian business owners have an ongoing advice relationship, according to NAB Private Wealth, highlighting an unmet opportunity for the advice profession to target.
