Venturing into capital raising
Australian Financial Securities (AFS) is a dealer group with a difference, carving out the niche of venture capital raising in the financial services industry. Nicole Szollos went inside the dealers with AFS director Brad McGougan to get the AFS inside story.
</B>Vital Statistics Box
Name Australian Financial Securities (AFS)
Obtained dealers licence March 1998
Number of Adviser groups 10
Number of Proper Authority Holders 35
Funds under management $110 million
Research Assirt, van Eyk and internal
Recommended for you
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.
Insignia chief executive Scott Hartley is among two new appointments to the Financial Services Council board, returning after a two-year hiatus.
