Independently-owned financial planning group Premium Wealth Management has entered into a strategic alliance with responsible investment solutions company The Emerald Club.
Under the terms of the arrangement, Premium has taken a 25 per cent stake in the group, with Premium chief executive Paul Harding-Davis and Michelle Brisbane (a financial adviser with Ethical Investment Services) joining Emerald's board.
In a separate deal, Premium has been selected as a preferred licensee for Emerald's responsible investment-dedicated platform The Emerald Wrap, Premium stated.
Harding-Davis said Premium had a strong commitment to private ownership and the new alliance forms part of its growth strategy.
"We are actively recruiting advisers who identify with this philosophy, so this provides us with another channel to form relationships with like-minded firms and individuals," he said.
In January, Premium acquired Sydney-based planning practice Pearman Financial Management, bringing the number of member firms to 21.
