South African investment and wealth management firm Carrick Wealth has launched its Carrick Partners division.
It will focus on assisting independent financial advisory firms grow their revenue and assets under management through “international access and exposure, while reducing risk and complexity as they enjoy full operational backing” from Carrick Wealth.
The firm said: “This will substantially enhance the offering of such firms through access to Carrick’s comprehensive operational support at all levels, its suite of the best global and local products available, and its proven best-practice financial planning solutions and expertise both in the offshore and local environments.”
Three pillars of assistance
Carrick said it will be focusing on “three pillars of assistance” to advisory firms that partner with it.
It will help increase revenue, assets under management and client experience through use of Carrick’s brand, global wealth management offering, lead generation, marketing and brand building support, and bespoke training and development programmes.
Advisory firms will be able to decrease costs, risk and complexity through Carrick’s software solutions and compliance tools.
Carrick also added firms will be able to “future-proof” their future alongside their clients via access to its research and development, as well as its book buy-back option and exit strategy.
Management
Carrick Partners will be led by Fred van Niekerk as general manager.
Van Niekerk was previously regional director of Carrick Wealth’s Cape Town operation.
“This is an exclusive and exciting opportunity for independent advisory firms and advisors to partner with Carrick in order to grow and optimise their practices and their careers through Carrick’s definitive global wealth management offering,” said Van Niekerk.
“At the same time, it means their clients will no longer be restricted to local markets and local product provision only and it will provide so many more South Africans with access to offshore investment and wealth management.
“The key to any relationship, and in particular to a Carrick Partners relationship, is for all parties to offer their best in creating an environment for mutual growth.
“Carrick is the recognised market leader for global product provision and advice, and our partners are established financial advisory firms with existing relationships in the communities they serve. When we combine these, we facilitate growth through enhanced service and product offerings.
“With our launch today, we are initiating the first phase of this venture for independent firms in the Western Cape. Financial practitioners who are interested in partnering with us, merely have to contact Carrick to set up a meeting to start the conversation and discuss the fundamentals involved.”
Carrick Wealth was recently awarded best adviser firm in South Africa at the International Adviser Best Practice Adviser Awards 2020.
