Privately-owned financial planning group, Premium Wealth Management, today announced that Meridien Wealth has become the newest member of its 22 practice-strongdealer network. 

Meridien Wealth has been in operation for more than 15 years and is headquartered inCairns, with satellite offices in Sydney and Melbourne. 

The Firm was purchased by former fund manager, David Adiseshan and became a Corporate Authorised Representative of Premium on 25 June 2012. 

Premium CEO, Paul Harding-Davis, said Premium had recently announced a number of new initiatives for the Group and that the recruitment was representative of the strong demand for the Premium dealer group model.  

“We recently announced that we have formed an alliance with The Emerald Club toprovide licencee and dealer group support for members.  

“Additionally, we have developed a new succession planning policy that we believe sets us apart from other dealer groups and removes one of the main barriers to small firms groups remainingnon-institutionally owned.  

“These initiatives are important steps in running a dealer group that delivers real value to its adviser members.  If our members have the right support structures in place, they can focus on delivering a highly-valued and professional level of service; and not simply become part of the product-distribution focused world of institutionally owned planning firms.” 

Mr Adiseshan was previously Chief Investment Officer of Balmain Corporation, an Australian commercial mortgage originator and fund manager. He has also held senior roles in institutional funds management with Lend Lease and Rothschild and was Managing Director of Massachusetts Financial Services in Australia. 

Meridien Wealth MD, David Adiseshan, said; “Businesses focusing on providing quality advice in challenging markets require Licensees capable of evolving with them.  Advice business models are evolving in response to changed investor circumstances and a bolstered regulatory environment.  We believe selecting a capable Licensee partner is as important as selecting one independent from the big 4 Australian banks.”

 1 August 2012