Australian wealth management group Ord Minnett has opened a new office in the island state of Tasmania as part of its efforts to bolster its national footprint.

The new office in Hobart will offer full-service stockbroking and financial planning services.

Luke Rybarczyk, who was previously associated with Bell Potter as a client adviser, will lead the Ord Minnett Hobart office, while Nathalie Leonard will serve as the office manager.

Commenting on the opening of the new office, Rybarczyk said: “Ord Minnett was the right choice for our clients given a strong history of servicing a wide range of private clients large and small,” he said.

“Ords has a proud history and heritage of service excellence and is well known for their quality domestic research.”

The new office will offer private investors with personal investment advice on a range of options includes domestic equities, international equities and diversified products.

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The clients can participate in initial public offerings (IPOs), company placements, informative presentations and client functions.

Founded in 1950s, Ord Minnett offers full-service stockbroking, financial planning, funds management and portfolio services. Currently, it manages more than A$35bn in Funds Under Advice.

In November last year, the company signed an agreement to acquire EL&C Baillieu to further increase its presence in the home market.

EL&C Baillieu provides on stockbroking, private wealth management, corporate finance, institutional equities and philanthropic services.