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January 29, 2021

Australian wealth manager Ord Minnett opens new office

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.

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GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
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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.

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.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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