Dealer group Futuro Financial Services has announced it partnered with an Australian boutique fund manager to establish a new Brisbane-based financial advice firm.
According to a statement yesterday, Futuro has formed a strategic alliance with Clime Investment Management to create a Brisbane advice firm, known as Clime Private Wealth.
The firm will operate as a corporate authorised representative under the Futuro licence, with a view of establishing two more offices in various capitals by the end of the year, the statement said.
Futuro executive chairman Dennis Bashford said the partnership came after many Clime investors asked for comprehensive financial advice.
“It seems to be the perfect match in that Clime, who to date has only dealt with sophisticated investors, has the most successful marketing programs I have had seen,” he said.
“It is one that delivers a constant stream of high-net-worth clients, many of whom ask for comprehensive advice – a need which until now Clime had been unable to satisfy.
“There was also a sense of frustration in having to turn away high quality people with a genuine need for advice and who did not meet the ‘sophisticated investor’ criteria.”
Mr Bashford added that Futuro is very careful about “who it gets involved with”, which includes partners and advisers.
“I look forward to working with Clime in the years to come because of their integrity, the respect in which they hold their clients, the cultural fit and the personalities involved,” he said.
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