Shaw Stockbroking is reportedly planning to hire up to 30 private-wealth advisors across Australia to expand its business in the region.
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Shaw’s new head of wealth management Earl Evans has added six advisors, including Tony Doyle from Macquarie Group and David Wells from Baillieu Holst in an urge to accrue more business from pension savers and rich investors, reported Bloomberg.
According to the report, Evans has been looking to have 150 to 160 advisors in the coming months, from its existing strength of about 130 people.
Evans said in an interview: "You’ve got to keep it simple. We’re not wanting to be all things to all people, we’re not wanting to be a goliath. We want something that is national, has critical mass, but is small enough to still be specialized."
"Yes, we still do stock broking and we don’t want to move away from that. But we’re bringing in more of a broader offering for clients."
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