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Centric Wealth targets WA expansion

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By Reporter
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2 minute read

Dealer group Centric Wealth has plans underway to extend its footprint into Perth, according to its chief executive.

"Whether it is going to be this year or very early next year, it's certainly on the drawing board," Centric Wealth chief executive Phil Kearns told InvestorDaily.

"We're working through it right now and making some progress there."

Final negotiations were underway with a non-aligned, small business adviser in Perth.

Mr Kearns told InvestorDaily in July this year that the company was focused on ensuring its three key offerings - risk/insurance, lending and financial planning - were available across all of its offices.

"We have all three offerings in Sydney but we're still looking for two lending advisers; one in Brisbane and one in Canberra," he said.

"We've got a risk adviser that's part-time in Brisbane but we'd like someone there full-time as well. I think we're not far away from that happening, but certainly the lending area is where we're really looking for people."

In addition, Centric was positioned for further developments in the next 12 months, after its advisers had been successful in growing their own client numbers, Mr Kearns said.

"We're putting a real focus on new business and we're starting to see that come through, particularly in our Brisbane business.

"If we can try and replicate that right across the group I think we'll have a very successful 2013 and 2014."