Clime launches HNW planning business
Publicly-listed financial services group, Clime Investment Management Ltd has announced the launch of a financial planning business specifically targeting high net worths – Clime Private Wealth.
The company said the new business arm would provide individually tailored financial advice for high net worth and sophisticated investor clients and would fill a gap in the market by offering a genuine alternative to the large institutions for clients seeking a trusted partner and quality financial advice.
Clime chief executive, Rod Bristow said the Private Wealth business would work exclusively with sophisticated and high-net-worth clients.
He said Clime Private Wealth had been developed based on consistent feedback from Clime clients who would like help not just with investments, but with charting a course for their financial futures.
Recommended for you
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
Michael McCorry, chief investment officer at BlackRock Australia, has detailed how investors are reconsidering their 60/40 portfolios as macro uncertainty highlight the benefits of liquid alternatives.
Having reset its market focus to high-net-worth advisers, Praemium’s administration solution has been selected by Bell Potter in a deal that increases the platform's funds under administration by $6 billion.
High transition rates from financial advisers have helped Netwealth’s funds under administration rise by $3.7 billion in the fourth quarter of FY25.
