LGT Crestone appoints adviser to cater for SA HNW market

22 February 2024
| By Shy-Ann Arkinstall |
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Wealth management firm LGT Crestone has appointed an investment adviser to its Adelaide office as the firm focuses on the evolving high-net-worth (HNW) market.

Ben Potter has joined the business as a partner and investment adviser where he will provide private wealth advice to HNW clients and not-for-profits across Victoria and South Australia.

The appointment aligns with LGT Crestone’s current strategy to enhance its presence in Adelaide to cater for the region’s evolving HNW market.

Findings from LGT Crestone’s 2023 State of Wealth report found that 41 per cent of Adelaide's HNW segment had concerns about their wealth transfer plan, highlighting an important unmet need in financial and family office advice in the region.

Potter holds more than two decades of experience working in the financial markets, joining from Escala Partners where he was an investment adviser for almost a decade, working closely with HNW clients and not-for-profits. Prior to this, he was an investment adviser at UBS Wealth Management.

LGT Crestone chief executive, Michael Chisholm, said: “The expansion of our Adelaide team, marked by the significant addition of Ben, aligns with LGT Crestone’s proactive response to the evolving needs of a local market.

“While historically seen as having a tilt toward stockbroking, the Adelaide-based HNW segment is undergoing a shift towards strategic wealth management and has a growing appetite for sophisticated investment offerings particularly in private markets, alternatives and sustainable investments.

“With extensive experience across a variety of asset classes, Ben will play a critical role in establishing our foothold in this high-potential market.”

Potter said: “I’m particularly passionate about the impact of ESG on investments. Joining the talented team at LGT Crestone enables me to apply this consideration into investment strategies for clients who prioritise achieving financial success with a positive impact.”

 

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