Ord Minnett launches Perth office

Oksana Patron

20 June 2022

Ord Minnett has announced the launch of its new office in Perth to ensure a greater coverage to the previously underserviced market and is planning to add a number of experienced financial advisers as well as through the development of its emerging talent through the firm’s associate adviser program.

The company said that both Ord Minnett and EL & C Baillieu, which became a part of Ord Minnett in 2020, had their presence in Western Australia but the combination of the two businesses would significantly strengthen Ord’s presence.

“We thought this market was underserviced, so we have employed some great people given the potential for growth we see in the state,” chief executive of Ord Minnett, Karl Morris, said.

“The official launch of the Ord Minnett Perth office signals our commitment to provide holistic, tailored advice to West Australians for generations to come,” Ord Minnett head of private wealth, George Deva, added.

The QLD &WA state manager, David Lane, stressed that WA was the fastest growing state over the last two years and one of top performing economies in the world, with excellent economic fundamentals underpinned by an unemployment rate of 2.9% (the lowest across all states).

Therefore, there was already a significant number of West Australians who required quality financial advice.

“We are excited about being able to provide this advice,” he added.