With regulatory change on the horizon, Shartru Wealth will deliver financial advice focused on funding retirement in conjunction with accounting firm Emerge Business Advisory.
"We understand that with five years of tough times in investment markets, and now sweeping government changes on how financial advice can be delivered, many people are feeling bewildered and frightened about just how they will fund their retirement," Shartru Wealth chief executive Robert Coyte said.
"Additionally, investors need confidence that any decision or recommendation from their advisor is made to further their own financial wellbeing-rather than. their adviser or dealer group."
The advisory firm is part of boutique investment company Shartru Capital Group; the wealth management division's first office will be opened in Newcastle.
The board of Shartru includes economist and former leader of the federal liberal party Dr John Hewson and investment experts Linden Toll and Andrew Meakin.
With market volatility set to continue, Shartru said the importance of wealth managers has only increased in recent years.
"In my opinion the difficult economic and political landscape that has dominated Australia in recent years is set to continue.
"This means there is no quick fix for investors who want to create a more comfortable financial future," Dr Hewson said.
"Those days have passed, so finding reliable advice that meets your specific circumstances and builds and protects wealth is essential."
