Non-aligned advice firm Baillieu Holst is pushing into Adelaide, with the appointment of a former Prescott Securities chief economist to grow the company's South Australian footprint.
In a statement, Baillieu Holst announced it has appointed Darryl Gobbett to the role of chief economist and financial adviser at the new Adelaide office.
Mr Gobbett was previously chief economist at Findex-owned Prescott Securities for 15 years before departing the company in December 2014, according to his LinkedIn profile.
Baillieu Holst managing director Gavin Powell said the group saw an opportunity to expand into South Australia as part of its national growth strategy.
"We're pleased to be opening a new office in Adelaide and we see South Australia becoming an increasing significant market for our national group," Mr Powell said.
"We already have South Australian clients but by establishing a dedicated office in Adelaide we can now provide even more South Australians with tailored and high-quality wealth management services.
"Our goal is to become the pre-eminent financial advisory and stockbroking firm in South Australia and for all our clients to fulfil their financial and life goals," he said.
Mr Powell added that Mr Gobbett is the "ideal person" to help steer Baillieu Holst's South Australian operations.
"He is one of South Australia's leading financial industry figures with over 40 years' experience across the public and private sector," Mr Powell said.
The corporate regulator has issued a consultation on its new breach reporting reforms for licensees, saying the new rules will correct “prolonged an...
Financial services minister Jane Hume has conceded the implementation of the FASEA reforms has had a devastating effect on the business environment fo...
Two-fifths (42 per cent) of people who aren’t currently advised have indicated they will be more likely to see an adviser now than before the pandem...