Alliance offers back-office support

Hawke’s Bay financial advice firm Stewart Financial Group launched Boutique Advisers Alliance this week.

Four other groups have joined so far but executive director and general manager Nick Stewart said he hoped that would grow to 20 over the next five years.

“The Stewart Group business has been around for quite a long time in Hawke’s Bay and is a fiercely independent, fee-only business on the wealth management side. A number of our adviser colleagues with the same value alignment have asked whether it would be possible for them to use some of the processes and tools we have developed."

The Boutique Advisers Alliance administers portfolios via a discounted Aegis investment platform and offers access to an investment committee, customer relationship management software, research, modelling and multi-factor reporting. “All the things you would expect in a business that supplies a support service to advisers,” Stewart said.