Australia’s Clime Investment Management has joined forces with Brisbane-based non-bank financial advisory group Futuro Financial Services to extend its wholesale client offering into a broader retail advisory service.
Futuro caters to about 50 offices and over 80 individual independent advisers. The firm recently developed its own funds management range that include the provision of managed discretionary accounts as well as separately managed accounts.
Go deeper with GlobalData
Clime said it will draw upon Futuro’s licence, operating and compliance services to promote its investment, marketing, product development and investor education services.
The partnership will also result in setting up a new financial advisory network, which will operate under the name Clime Private Wealth. The network will begin operations in March with its first office in Brisbane.
The companies also plan to launch at least three offices in key capital cities by end of 2017.
“The Board of Clime believes this strategic development is an exciting initiative that utilises its extensive marketing, product development and investment capability to facilitate the expansion of its operations and broaden the company’s market reach and earnings profile,” Clime said in a stock exchange filing.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
