Clime launches HNW planning business
Publicly-listed financial services group, Clime Investment Management Ltd has announced the launch of a financial planning business specifically targeting high net worths – Clime Private Wealth.
The company said the new business arm would provide individually tailored financial advice for high net worth and sophisticated investor clients and would fill a gap in the market by offering a genuine alternative to the large institutions for clients seeking a trusted partner and quality financial advice.
Clime chief executive, Rod Bristow said the Private Wealth business would work exclusively with sophisticated and high-net-worth clients.
He said Clime Private Wealth had been developed based on consistent feedback from Clime clients who would like help not just with investments, but with charting a course for their financial futures.
Recommended for you
It can be extremely hard to realise the gains from financial advice M&A, according to Peloton Partners’ Rob Jones, and more could be gained from firms looking inward at their own practice.
With platforms reporting their quarterly results, there is a clear divide in the adviser markets they are targeting, according to platform specialist Recep Peker, and which would be right for your clients.
The Federal Court has imposed a $10 million penalty on Macquarie Bank for failing to prevent and control unauthorised fee transactions by third parties including financial advisers.
A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.