Macquarie forms new specialist investments business
Macquarie has consolidated its Funds and Banking & Financial Services groups to form Macquarie Specialist Investments.
Macquarie stated that the move is to provide advisers with a “consistent point of contact” while also offering a broad range of investment choices, which include structured and agricultural investments, 100 per cent lending options and capital-protected products.
Macquarie Specialist Investments executive director Peter van der Westhuyzen said the new business was formed in response to a re-emerging demand for these types of investments, with the aim being to make it easier for advisers to source investment solutions to meet client needs.
Van der Westhuyzen is one of the leading members of the team, along with Irene Deutsch and Geoff Kellett.
Recommended for you
WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial advice firms.
Sequoia Financial Group has revealed the scale of complaints lodged with the Australian Financial Complaints Authority relating to its role in the Shield Master Fund and First Guardian Master Fund collapses.
AMP chief executive, Alexis George, believes the North platform is on a forward trajectory after a period of “stagnation” and is targeting consistent quarterly growth in advisers.
The Financial Advice Association Australia has announced it will expand its approved specialisations program to broaden its range of qualification designations.