Custom Wealth Solutions entities enter external administration
Two of the entities associated with Chris Appleyard’s dealer group Custom Wealth Solutions have entered external administration.
Documents filed with the Australian Securities and Investments Commission earlier this month reveal that Custom Wealth Solutions and Custom Wealth Solutions Dealer Services Pty Ltd had entered into external administration.
The ASIC documentation shows that Custom Wealth Solutions Dealer Services Pty Ltd was previously Appleyard Financial Services Pty Ltd. Both entities are registered as operating out of Brisbane’s inner-city Fortitude Valley.
Custom Wealth Solutions (CWS) descirbes itself as being “an award winning and privately owned Financial Planning Firm providing Comprehensive Financial Advice to Private and Business clients”.
Custom Wealth Solutions Dealer Services Pty Ltd describes itself as being “Created by Advisers, for Advisers”.
Its web site then goes on to say, “We are the advisers that bought a Dealer Group so we could control our own destiny. There is simply no comparison between a Dealer model run by institutions or companies, and a Dealer Group run by advisers. Our commodity is advice and strategy first, and product is a solution!”
The web site also states that Custom Wealth Solutions chief exuective is Chris Appleyard and describes him as the “founder and chairman of Appleyard Capital”.
It noted that, “Chris is currently dealer principal and head of strategy and research for the advisory firm Custom Wealth Solutions (Sydney, Brisbane and Melbourne). In 2010 he founded CWS DS and is well under way on delivering on an empowering business plan which has the industry talking”.
Recommended for you
Over half of wealth management clients in Asia-Pacific say they are looking for more advice in investment and financial planning services, according to EY, and may switch or add new providers to achieve this.
As artificial intelligence continues to reshape how the advice industry operates, Adviser Ratings unpacks which areas advisers are using the technology to improve the client experience.
Insignia Financial has appointed the former APAC head of a global asset manager to its board.
Financial advisers have been warned against advising clients to withdraw superannuation for medical or dental treatments as a new report highlights the long-term effect on balances at retirement.