Advisers in WA and SA are showing sharp increases in innovation, prompting Winston Capital Partners to open a new office as the states rival with the eastern seaboard.
In a statement, the company announced it will open a Perth-based office in early 2017 in response to WA and SA becoming a new “hotbed” for the financial services industry.
Winston Capital partner Rory MacIntyre said, “We have witnessed a sharp increase in the activity for advisers implementing their own multi-asset portfolios using managed account platforms, which plays well to Winston’s absolute return product set.
“As such, we are pleased to announce the opening of our office in Perth in order to align more closely with the needs of advisers and innovative product providers operating and thriving in the WA and SA markets.”
The new office will be headed by Andrew Fairweather, founding partner, the statement said.
“Winston Capital has a strong and loyal client base in WA and South Australia. The time is right for our ‘feet on the ground’ expansion into these important markets, which we believe will deliver greater efficiencies and higher service levels to our clients,” Mr Fairweather said.
“Because the funds we represent are now listed on multiple approved product lists; are included on most major wrap platforms and have the necessary ratings in place, it is simply a good time to make the move.
"We also believe that having wider representation adds tremendous value to our fund manager clients, who value having face-to-face representation in all geographies and segments, across Australia.”
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