Crestone Wealth Management announces growth in South Australian market

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Crestone Wealth Management (Crestone) has underpinned its expansion into the South Australian (SA) market with the appointment of an experienced and local team of investment professionals. Crestone’s bolstered SA presence, based in Adelaide, confirms its commitment to the provision of high-quality, professional advice services to high net worth (HNW) and ultra-high net worth (UHNW) Australians.

Commenting on the expansion and creation of an Adelaide based team, Michael Chisholm, chief executive of Crestone said that over the past several years, the business had been growing a client base in Adelaide and regional South Australia which warranted the establishment of an on-the-ground presence.

“Our entrance into SA presents dual opportunity. Firstly, for HNW and UHNW individuals based in SA, Crestone can provide access to a broader set of global diversified investment opportunities than may currently be available to them. Secondly, for local investment professionals or those looking to build a career in SA, Crestone’s unique employee-owned business model should prove attractive.”

The new local team includes five appointments, bringing the firm’s total adviser base to 91.  The bench strength present within the team reflects a desire to deliver unparalleled insights and investment solutions to SA business owners, higher net worth individuals and their families.

The SA team will be led by Manager of Advisory SA, Kieran Purcell, a 25 plus years ‘veteran’ of the wealth management industry. Mr Purcell joins Crestone from Morgans Financial, where he was previously General Manager for Adelaide.

Prior to Morgans, Mr Purcell was Macquarie’s Office Head in South Australia where he was responsible for 100 plus employees.

Mr Purcell will report to Head of Advisory for NSW/QLD/SA, Michael Tritton.

The remainder of the newly appointed Investment Advisers for the SA office includes Sonya Brocklehurst, James McBride, Nicholas Hamersley and Ida Wong Taylor.

Sonya Brocklehurst has 20 plus years’ experience and joins Crestone from NAB Australia, where she was previously a Senior Private Client Manager. Ms Brocklehurst was responsible for managing and growing a portfolio of 130 international and local HNW clients.

James McBride joins Crestone from ANZ Banking Group, where he was a Private Banker, responsible for managing a portfolio of HNW families with a view to grow, sustain and transfer their wealth. With over 10 years of financial services experience, Mr McBride has a proven track record of building deep relationships with HNW and UHNW families.

Nicholas Hamersley joins Crestone from Westpac Private Bank SA, where he was an Associate Director for the SA Global Investment Service. With 20 plus years’ experience, Mr Hamersley has extensive experience with HNW individuals and institutional clients, with a focus on investment products across multi asset classes.

With almost 20 years’ experience, Ida Wong Taylor joins Crestone from Westpac Premier, where she was a Lending Area Manager. Previously, Ms Wong Taylor worked at Bank SA Private Bank & CBD Mobile as the Lending Area Manager. Prior to joining Bank SA’s and Westpac’s Retail Lending Leadership Team, Ms Wong Taylor worked across the Credit Suisse segments of Alternative Investments (Private Equity) & Private Banking in Sydney.

All will report directly to Kieran Purcell in his role as Manager of Advisory for SA.

Mr Chisholm said the combination of depth of experience and alignment of interests between advisers and clients were key determinants in the recruitment process.

“Our South Australian presence is an exciting growth opportunity and so it was crucial to hire a team with a depth of local experience, aligned to Crestone’s strong client-centric culture. We believe it is a testament to our business model that Crestone can attract advisers of this calibre. Ultimately, this expansion supports our vision to be the first-choice advisory firm for wealthy individuals across Australia.”

Crestone is finalising arrangements for its local presence, with a new office to soon be opened in the Adelaide business precinct.

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