FinClear tapped to provide execution and clearing services to Crestone

FinClear chief executive David Ferrall said the company is delighted to have secured high-net-worth advice firm Crestone Wealth Management to provide its execution and clearing services.

“Crestone is a premium name in the Australian market and well known for being exacting about who they choose to work with,” Mr Ferrall said.

“I am extremely pleased that they have chosen FinClear and the team and I are excited to work closely with them.”

Crestone CEO Michael Chisholm said FinClear’s client-first culture was key in the decision and was also impressed with the provider’s capabilities and commitment to security.

“Crestone seeks to continue to grow by providing clients unparalleled investment insights and solutions as well as a holistic view of the investment world,” Mr Chisholm said.

“This has been achieved by aligning the business with strategic partners, including FinClear.”

The news comes after Crestone received a takeover offer from one of the world’s largest privately owned wealth managers in LGT Group in December.

Crestone entered a conditional scheme implementation deed (SID) with the firm with the latter agreeing to acquire 100 per cent of the shares on issues in Crestone for $475 million.

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.