Australian advisory and online brokerage firm Global Prime recently launched into the financial services industry. The company is set to redefine the traditional broker-client relationship with its advisory business model in response to the demand for better advice and a lack of transparency in the broking industry. Global Prime has already gained the support of several industry participants, keen to get behind what will no doubt be a key participant in the future of financial services in Australia.
The model combines direct market access online trading with an advisory service, pairing clients with experienced advisors to assist in managing their portfolios.
“Successful trading and investing requires leveraging off the experience and expertise of others and the growth of autonomous online trading has caused many investors to overlook that” commented Director, Delan Pagliaccio. “Industry professionals have access to opportunities that individual investors may not such as IPOs, placements and boutique managed funds. Clients who partner with a Global Prime Advisor can access these opportunities as well as a host of other benefits”.
Ultimately, the success of this model is yet to be tested but there is no doubt that Global Prime has identified an opportunity to add value for online traders. Global Prime’s advisory service compliments its range of tradable securities which includes local and international stocks, CFDs, futures, options and foreign exchange.
Global Prime Pty Ltd ABN 74 146 086 017 AFSL 385 620 is an Australian boutique investment advisory and online brokerage firm specialising in local and international stocks, CFDs, futures, options and foreign exchange. Global Prime provides financial, advisory and funds management services directly and through established relationships with trusted industry participants.
P: +61 2 8277 6626
M: +61 422 015 857