Ignition Wealth to expand into Ireland
Ignition Wealth is boosting its advisory board and executive staff with new appointments with a view to the opening and establishing over Ignition Wealth Ireland, based out of Dublin.
Ignition Wealth chief executive Mark Fordree said Ireland was a competitive choice of destination for business operations, due to its size and business ecosystem.
“We see a strong match between our technology and capabilities and the Irish wealth demographic. Ireland has a small but concentrated population which is a great opportunity for us,” he said.
“We are looking forward to working with the Irish advice industry.”
To assist with the expansion, Irish fintech expert Peter Oakes has been appointed as a member of the Ignition Wealth advisory board, whilst Crowe Horwath has been appointed to assist in capital raising.
Fordree said a base in Ireland would allow for potential further expansions across continental Europe for Ignition Wealth, with a head of operations in Ireland to be announced forthwith.
Recommended for you
Financial services lawyers believe the government may have good intentions, but the proposed legislation leaves superannuation trustees targeting an unachievable “standard of perfection” when it comes to advice deductions.
Advisers could find themselves unable to receive the fair market price of their advice as the Delivering Better Financial Outcomes legislation states superannuation trustees can reject deductions that are not charged on a cost basis.
Two advice professionals have shared five key takeaways as to how advisers can strengthen their communication with clients, especially at review time, in order to build deeper relationships.
The Financial Services Council has launched the Digital Advice Expert Group to support policy development around digital advice adoption and ensure greater accessibility for Australians.