Two IPAC advisers join Fitzpatricks
Fitzpatricks Private Wealth has continued to grow their adviser numbers with the appointments of Bev Manallack and Heather Boughton.
Both advisers join from IPAC and will be based in Fitzpatrick's Collins Street office in Melbourne.
Manallack has been in the financial services sector for 24 years and has experience in superannuation, self-managed super funds (SMSFs), retirement planning, cash-flow management, and wealth creation.
Boughton has 27 years' experience in the sector of which 18 years was spent advising clients in investment, superannuation, SMSFs, retirement planning, strategic planning, estate planning, insurance, taxation, and investment structuring.
Commenting, Fitzpatricks chief executive, John Woodley, said he was delighted to boost the firm's Victorian presence.
"We welcome each to their new advisory positions at Fitzpatricks and look forward to the contribution each will make to the ongoing development of our business but more importantly the shared skills and learnings amongst their professional colleagues."
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.
