Western Australian advice practice Merideon Wealth Strategies has joined the Private Wealth Group.
Yesterday ifa mistakenly reported that the Mandurah-based practice had left AMP's Charter Financial Planning group to join PWG.
However, sources close to the matter have since explained that PWG is a diversified professional service company that uses Charter for its financial planning arm, and that therefore Merideon will continue to be licensed by Charter following the move.
Merideon general manager Mark Rattigan said joining PWG would allow the practice to offer improved services.
“As a smaller practice, our growth has been stymied by a limited range of skills and resources,” he said.
“Being part of the Partners Wealth Group has shifted the goal posts, while at the same time providing our clients with access to a more complete offering, greater investment management capability and access to specialists from all the areas of the advice spectrum.”
As part of the PWG stable of companies, Merideon Wealth Strategies will continue to operate under its existing name.
According to PWG’s director of financial planning, Matthew Cassidy, the dealer group hopes to tap into opportunities in the retirement sector in Western Australia’s south-west region.
“Given that the south west is a prime location for retirees from Perth looking for a cooler climate and slower pace of life, this represents a wonderful opportunity for retirement advice,” Mr Cassidy said.
“While Merideon is already doing a fabulous job with financial advice and is one of Mandurah’s highest performing financial planning teams, it does not provide the full suite of financial offerings.
“It is these services that are particularly important to retirees who, from our experience, prefer having all their retirement requirements – such as planning advice, estate planning, succession planning and aged care advice – handled from the one location,” he said.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 20 Oct 2017Parliamentary insurance group formedBy Staff Reporter
- 20 Oct 2017Treasurer introduces BEAR legislationBy Aleks Vickovich
- 20 Oct 2017Westpac to refund $65m to customersBy Annie Kane
- 20 Oct 2017Survey tips independent takeoverBy Aleks Vickovich and Jessica Yun
- 18 Oct 2017AFA suffers budget blowoutBy Killian Plastow
- 18 Oct 2017ISA ups ante on governance lobbyingBy Aleks Vickovich
- view all