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 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.
