Macquarie Wealth Management signs new practice to Lachlan Dealer Group

27 April 2006

Macquarie Wealth Management today announced it had signed another planning practice to its dealer group, Lachlan Wealth Management.

Greg Keady and Jeff Wain have joined Lachlan Wealth Management after many years as directors and senior advisers with a leading wealth management company.

Head of Macquarie Wealth Management, Jane Watts, said she was delighted to welcome advisers of Jeff and Greg's calibre to Lachlan Wealth Management. Both Jeff and Greg have had many years' experience advising high net worth clients in the areas of taxation, superannuation and retirement planning.

Specifically, Jeff has academic qualifications in commerce, taxation law and financial planning and was recently voted a Top 50 MasterClass Adviser for the fourth consecutive year.

Greg has extensive experience in estate planning, specialising in intergenerational transfer of wealth and succession strategies. He also has a strong interest in investment portfolio construction and the practical application of academic studies into Modern Portfolio Theory.

Both Greg and Jeff are strong advocates of full service client centric advice and are accredited as SMSF specialists. These are significant growth areas for the premium advice end of the market that Lachlan Wealth Management targets.

Ms Watts said Macquarie had spent the past few months talking to a number of potential affiliates before finding the "right fit" for Lachlan Wealth Management's presence in the Melbourne CBD.

"The process for potential Lachlan Wealth Management partners is quite stringent. This is necessary to ensure that adviser groups meet the high standards that Macquarie demands from its financial adviser partners.

Lachlan Wealth Management was established in August last year with founding partner PMG Group Pty Ltd.   Ms Watts said she believed the growth of Lachlan Wealth Management needed to be gradual to ensure that every new partner that was brought on board had their individual and client needs fully catered for.

"This is one of the ways Lachlan Wealth Management is different. Being focused on premium advisers means we can stay relatively small in terms of adviser numbers. In turn, this enables us to be flexible in the services to individual practices," Ms Watts said.

She said work was already underway to ensure that Greg and Jeff and their clients had access to the full services and support of Lachlan Wealth Management.

Ms Watts said there is evidence of considerable interest in the market about Lachlan Wealth Management.

"We have had a number of enquiries from planners and discussions have been held with several interested parties. Planning practices looking to embark on their next growth phase should certainly get in touch with us."

For further information, please telephone:

Irene O'Brien
Head of PR & Communication
Macquarie Financial Services Group
Macquarie Funds Management Group
Tel: (612) 8232 3241
Mobile: (61) 417 260 309