Premium Wealth Management has expanded its dealer network and is planning to continue focusing on recruitment over the next five years.
The dealer group yesterday announced it had signed up financial advisory firm Meridien Wealth, bringing the dealer network’s practice numbers to 22.
Meridien Wealth was purchased by former fund manager David Adiseshan and became a corporate authorised representative of Premium on 25 June.
“I knew David around the industry for a very long time so I knew the calibre of the person who was going to own and drive the business,” Premium chief executive Paul Harding-Davis told InvestorDaily.
In terms of further expansion plans, Harding-Davis said he was particularly keen to add more practices in Queensland.
“We would like to just gradually and steadily grow the number of advisers, or more accurately the number of practices in our network over the next four to five years,” he said.
“We have a goal without specifically targeting any regions. We have 22 firms now and in five years’ time we’d like to have 40 to 50.
“Just a few firms a year and we’ll be very happy.”
Meridien Wealth is headquartered in Cairns but has satellite offices in Sydney and Melbourne.
