Premium Wealth signs on three accounting firms
Financial planning dealer group Premium Wealth Management has signed on three new accounting practices looking to venture into financial advice.
The group has signed on ADX Financial Planning, previously part of Moon Cunningham and licensed through Count. It also signed on Sullivans Financial Strategies, previously part of Lonsdale, and self-licensed group Hado Investments.
Premium's head of practice Justin Viney said all three practices are accountancy firms looking to expand their financial advice offering within their tax practice.
Sullivans Financial Strategies founder and director John Sullivan said the firm looked at different dealer groups before settling on Premium.
"We value our independence and this is a good fit as we did not wish to be aligned to large ASX (Australian Securities Exchange) listed corporations, such as banks, insurance companies and the like," he said.
Viney said Premium has three licence options: self-managed super funds advice licence, iPremium and the traditional Premium offer for large practices.
The dealer group has more than $2 billion in funds under advice.
AUTHOR
Malavika Santhebennur
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