Four senior advisers of Macquarie Private Wealth have left the institution to join Bennelong Wealth Partners and establish their own non-aligned boutique firm.
Long-serving advisers Jeffery Wrightson, Stephen Thaxter, Chris Forest and Nina Kazmierczak of Macquarie's wealth management arm have left to join as equity partners of their own wealth advice firm, Sovereign Wealth Partners.
Mr Wrightson, a division director of Macquarie Group, said now was the "right time" to start the team's own boutique wealth management business which, he added, will focus on high net worth clients.
"Our 61 years of combined experience providing personal financial advice is a strong foundation from which to launch the firm," Mr Wrightson said.
"Bennelong Wealth Partners is our ideal partner and meets the high standards set by us and our clients."
A self-described "incubator of boutique wealth advice businesses", Bennelong Wealth Partners said it will have a minority stake in the new business.
A majority stake will be held by Mr Wrightson, Mr Thaxter, Mr Forest and Ms Kazmierczak.
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