Sydney-based Sherlock Wealth has announced it is now operating under its own licence as an authorised representative of Sherlock Wealth Advisory Services.
A statement from the firm says that for more than 20 years the company has been an authorised representative of Matrix Planning Solutions.
The latest announcement comes just after Andrew Sherlock took over as CEO and he sees this as an “…exciting next step in the evolution of our business.” (See: New CEO at Financial Advice Firm.)
He says operating under its own licence has been something the firm has always wanted to do. “For us it’s always been a question of when, not if.”
Sherlock adds that the timing is right for the firm and the move will give it greater flexibility in delivering advice and investing opportunities to its clients.
“It feels good to be more in control of our own destiny.”
Based in North Sydney, Sherlock Wealth was founded in 1970 to provide life insurance. The business expanded its offering to include wealth management and investment advice in the year 2000 when Andrew joined. Shortly after this the firm became licenced through Matrix Planning Solutions.
Sherlock thanked Matrix, noting his firm has had “…a long and productive partnership with them for more than two decades and [has] enjoyed working closely with the executive team and other advisers that we have met because of this relationship.”
