Australian Wealth Solutions this month began operations under the licence of ASVW Financial Services, a Melbourne-headquartered boutique adviser licensee group.

Principal Sam Zervides says the move is the first step in a long-term strategy to position the business to address the needs of the “more sophisticated client” in the rapidly evolving advisory services landscape.

“The AWS team are very excited about the move to ASVW [Financial Services] and the prospects for the future,” Mr Zervides said.

Australian Wealth Solutions, which offers a range of services including advice for life insurance, says it will tap on the resources of ASVW Financial Services to improve client experience through the utilisation of advanced technology, latest processes and innovation.

The business is also developing new complementary financial, lifestyle services and value-add products. The offerings will be provided in-house or in partnership with alliance partners.