Gold broker GoldCore has completed the sale of its wealth management division in a management buyout following the receipt of approval from the Central Bank of Ireland.
GoldCore established its wealth management business in 2005 alongside existing precious metals brokerage.
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The company said that under the leadership of Marc Westlake it has grown into a substantial wealth management business tailored to HNW clients.
GoldCore CEO Stephen Flood said: "We have decided to focus on our core precious metals coin, bar and storage offering and continuing our drive into key international markets.
"The company recently launched mobile-friendly UK and US websites and online trading and is planning to expand into other international markets in 2016.
"We believed that financial advice would move from commissions to fee-based advice and putting the client first and Marc Westlake and his team have been at the vanguard of this important trend in Ireland," he added.
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By GlobalData
