SEARCH

Australian Unity-aligned firms leave to join non-aligned dealer group

Two Australian Unity-aligned advice practices have left their licensee recently to join non-aligned dealer group AdviceIQ Partners.

Boston Private Wealth of Sanctuary Cove switched in June while Sydney-based Premium Financial Advisers completed its transition last week. Both firms were licensed under Premium Wealth Management.

According to AdviceIQ director Angus McLeod, the addition of these two firms will bring the group's funds under advice to over $900 million.

Further, "the new additions complement our existing partner firms who wish to avoid institutional control or influence," Mr McLeod said.

Advertisement
Advertisement

Speaking to ifa, Boston Private Wealth co-owner Neil Heriot said he decided to leave Premium Wealth Management after it was acquired by Australian Unity Personal Financial Services last year. 

"We were with Premium and we were very happy but they were sold to [Australian Unity]," he said.

"We want to be non-institutional and non-aligned."

Australian Unity-aligned firms leave to join non-aligned dealer group
default
ifa logo

The must-attend event for financial advisers is back in 2022: the ESG Summit, coming to Sydney and Melbourne in February. Walk away with vital knowledge on a number of key ESG areas to help you make informed ESG strategy decisions and to better communicate and integrate the growing ESG space to clients. Visit the website to secure your place.

Subscribe to the ifa bulletin

Receive daily online news,analysis, reports and business strategies
By signing up you agree to our Terms of Use and Privacy Policy

Website Notifications

Get notifications in real time and stay up to date with content that matters to you.