Blacktower Financial Management Group has entered the Australian financial advice market and set up a subsidiary in the country, Blacktower Financial Management (Australia) Pty Limited.
The move comes after the group received both Australian and Swiss licences in October 2021.
The Australian arm will provide a “full suite” of financial solutions to expats and residents in Australia, the firm told International Adviser.
Managing director Gavin Pluck said: “We knew there was a real opportunity for the group in Australia and we were keen to set up operations on the ground to meet that demand. Australia is an exciting market for us, and we are expanding the team to bring our global expertise to a new landscape.”
Blacktower now has operations in Europe – including more recently Switzerland – the US, the UK and the Caribbean.
The company added that, following the roll out of the Australian operation, it plans to expand into the UAE, South America and Canada as well.
The Australian market is proving popular among global advice firms, as Skybound Wealth Management also set up shop in the country earlier this month.
