Wilsons to bring family office adviser into private wealth division

Wilsons has announced that the family officer adviser will join its private wealth advisory (PWA) division which “tailors sophisticated, multi-asset investment strategies to the needs of private clients across Australia”.

Established in 1995, Chancellor first managed the assets of industrialist Gillis Broinowski before expanding its advisory and portfolio administration services to other family offices and private clients.

“This is an excellent outcome for our clients, who now have access to a greater depth of resources and talent within the Wilsons team, many of whom have backgrounds in Swiss private wealth and investment banking,” Chancellor CEO Hamish Campbell said.

“They bring a global, multi-asset perspective, and have done a tremendous job of expanding Wilsons beyond its core expertise in mid-cap Australian equities.

“The sophistication of the platform is exemplified by the Investment Strategy Group, which was purpose-built to support advisers with asset allocation, portfolio construction, and manager and security selection.”

After welcoming the Chancellor team, Wilsons CEO and managing director Brad Gale said the firm will continue to look at opening its books to attract boutique advice businesses over the next year.

“We’re most interested in firms which could best be described as ‘extended family offices,” he said.

“Having slowly expanded from single-family origins, they have tightly networked client bases, are often closed to new money, and are now thinking about their strategic alternatives.

“Generally, they want two main things from a potential merger partner – a seat at the table to help shape the business, and sophisticated, multi-asset wealth creation strategies for their clients,” he added.

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.