Macquarie expands Western Australian team
Macquarie Private Wealth continues to expand its Western Australian business with the addition of two new advisers to its Perth-based team.
Matt Rigg and Tim Reed have joined the team as private client advisers.
Rigg has a background in agriculture and was previously general manager of Australian Agricultural Contracts.
Before this he was a senior trader with Elders Risk Management, providing advice in the agricultural sector.
Reed has 11 years of experience in the financial services industry, and has specialised in the resources sector. He joins the group from Bell Potter Securities where he was a private client adviser.
Macquarie Private Wealth WA state manager Stephen Moloney commented on the importance of the specialised areas of agriculture and resources that Rigg and Reed will bring to the team.
"Resources and agriculture are two crucial industries in Western Australia, and are a particular focus for personal investors in Perth - whether they work in these sectors or are interested in investing into them," Moloney said.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
