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IOOF-aligned firm joins ClearView dealer group
IOOF-aligned firm joins ClearView dealer group
An advice group licensed by IOOF-aligned Bridges Financial Services has announced it will jump ship and join a ClearView-owned licensee.
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In a statement, Matrix Planning Solutions said Chelsea Wealth Management, a NSW practice with 13 staff and three offices, had decided to join the dealer group after a detailed tender process.
The group specialises in holistic advice for retirees and had a large client base of police-affiliated families, being a subsidiary of Police Bank.
Chelsea Wealth Management general manager Rick Di Cristoforo said the group had selected Matrix as its new licensee due to their significant investment in improving practice efficiency among their affiliated groups.
Chelsea employed 16 staff including six financial advisers across three locations in Sydney, the Hunter region and the Central Coast and were specialists in holistic strategic advice for retirees and pre-retirees.
The managing director of Chelsea is former Matrix managing director, Rick Di Cristoforo who said that the company had conducted a broad and exhaustive tender process and had looked at several licensees.
Matrix chief executive officer, Allison Dummett said Chelsea Wealth Management’s decision to partner with Matrix, after a competitive tender, reinforced the licensee’s superior offer.
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