Adelaide financial advisory and stock broking firm, Prescott Securities, has appointed Malcolm Caire as manager and head of advisory services.
Caire will oversee the introduction of a family office service in response to the increasing demand for a broader range of financial services.
Caire has over 20 years of experience in the financial services industry and was most recently managed a specialist self-managed super fund (SMSF) business. Caire has previously held advisory positions at Equity Trustees and Bendigo Bank.
“A rapidly globalising market means that fulfilling the expanding needs and expectations of clients naturally requires extended resources delivered under increasingly complex business conditions,” Caire said.
“As such, clients are seeking more and more specialised services under one roof in addition to traditional wealth advisory and stock recommendations.”
Caire said the family office concept would marshal and manage any financial need from traditional wealth management and broking to insurance, lending, accounting, specialist SMSF services, tax advice, succession, and estate planning.
“As part of this innovation, the additional services will be available at a significantly more attractive fee structure than on offer from other external sources, with accounting likely to be the first major new offering as we move forward,” he said.
