The alliance with advisory firm Boston Private Wealth, based in Sanctuary Cove, brings the dealer group’s current practice number up to 24.
Premium chief executive Paul Harding-Davis told InvestorDaily he planned to continue to actively grow the firm with more quality practices.
“We have got discussions going in more than one state but I am hopeful that our next recruit will be a NSW firm,” Mr Harding-Davis told InvestorDaily.
“We are [still looking]. A handful of good practices each year with nice controlled steady growth [is the plan],” he said.
Boston Private Wealth is headed up by Neil Heriot and has over 100 financial services clients.
The move is part of Premium’s plan to expand its network to 40-50 firms within the next five years.
The firm is the group’s third Queensland alliance in four months after Platinum Wealth Management and Meriden Wealth Management joined in September and August respectively.
Mr Harding-Davis also explained that although Premium had not been specifically focused on the Queensland area, the state is well-known for its boutique advice firms which are well suited to Premium’s business model.
“Premium Wealth is finding many like- minded boutique advisory firms, who want the support of a national dealer group, but without the constraints of institutional ownership,” Premium Queensland-based director John Woodhouse said.
“Queensland has always been a prime location for the boutique firm, given its large number of retirees, small business people and growth prospects. We are very excited to welcome Boston to our group and we look forward to announcing further recruitment in the coming months,” he said.
