Securitor embraces new financial services practice
Sealcorp Holdings'Securitordealer group has been joined by Webb Financial Services, the newly created financial planning arm of chartered accounting firm Webb & Co.
The new addition to the Securitor fold has also chosen to use the Sealcorp’s Asgard platform to support its operations.
"We are using the resources of both Securitor andAsgardto quickly gain the administrative support systems we need,” Webb Financial Services managing director Rob Davy says.
Davy claims these systems will more effectively manage the 175 self-managed superannuation funds within the accounting practice and the investment requirements of other clients.
It is expected that Webb Financial Services will use the full range of Asgard’s products, including its Separately Managed Accounts service, eWrap and more traditional master trust products.
Webb & Co, listed as one of Business Review Weekly’s top 100 accounting firms, has an estimated 1,500 clients.
Rob Davy joined Webb Financial Services following his previous position as general manager of Outlook Financial Planning, which had $250 million under advice before his departure in July, 2002.
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.