Tim Wedd

Privately-owned Crystal Wealth Partners, now with over $250 million FUA after four years in business, expects further asset growth through a broad acceptance of managed accounts by clients.

“When we started this business, I used to say that managed accounts were being embraced primarily by higher net worth clients but they ‘should’ start to take off more widely. Now, I am working with advisers who are using managed accounts across a range of clients as well as HNWs and using integrated portfolio solutions such as ours to better manage tax and pension outcomes,” said Tim Wedd, Executive Director, Crystal Wealth Partners.

“The tilt to international stocks is about the search for growth as well as getting a proper offshore weighting within portfolios. Client awareness and education about the need for diversification and long term growth opportunities continues to improve in an uncertain market,” said Mr Wedd.

“We are also delighted with the strong growth in our team (to 14), and being able to secure former FPA board member, Louise Lakomy, as a Director now at Crystal Wealth Partners. She is also a Director of the Financial Ombudsman Service Board.”

Another recent senior financial adviser appointment includes Chris Murray, formerly CBA Private Clients, who works alongside founders John McIlroy, Tim Wedd and senior advisers Keith Verner and Chris Barrett. Chris has been providing personalised financial planning and investment advice for over 20 years to high net wealth clients in private banking and financial markets and is a specialist SMSF Adviser.
Crystal Wealth has held an MDA licence since commencing operations in 2011. Its investment committee has underpinned risk based portfolios with a core international exposure since inception. Crystal Wealth Partners offers a range of different managed account options for clients which includes 8 model portfolios: 5 risk-based models and 3 sector specific models, one of which is a global direct share portfolio.

They now operate offices in Sydney, Melbourne and Adelaide.

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