Perpetual renames and relocates
Perpetual Trustees Australia has dropped the ‘trustees’ designation from its title and centralised its operations into one Sydney-based location.
Managing director David Deverall said the new name, Perpetual Limited, would more accurately reflect the diversity of the financial services group’s international activities.
Deverall said greater emphasis had been placed on its associated brand names, Perpetual Investments, Perpetual Private Clients, Perpetual Corporate Trust and PI Investment Management, in recent years and the group’s new name would further strengthen its overall brand name.
He said the names of the subsidiary companies would remain unchanged for legal and regulatory purposes.
Deverall said office relocation would bring together staff from three premises located in Sydney’s central business district into one facility at Angel Place.
“We believe the centralisation of our head office will also improve the way our organisation works together,” he said.
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.
