Richard Maloy and Magali Martin have increased their commitment to a growing Cole Murray.
The arrival of well-heeled newcomers to Hawke's Bay has resulted in financial services firm Cole Murray expanding its investment and wealth generation department.
Magali Martin is joining the team and Richard Maloy is buying into the business.
Authorised financial adviser (AFA) Richard Maloy, who has been with the
company for two years, bought a 50 per cent stake in CML Financial Planning, Cole Murray's wealth-generation subsidiary.
"This was an exciting opportunity for me to invest in a progressive and well-established business. But more importantly it provides assurance for our clients that I'm here for the longer term - something that is vital when handling long-term assets," Mr Maloy said.
Ms Martin recently joined Cole Murray in a full-time capacity and has an MBA and is in the final stages of her authorised financial adviser's accreditation.
Cole Murray co-owner Mike Murray says the department has expanded to meet the demands from clients, mostly from those moving to Hawke's Bay from the major centres.
"There has been an influx of people from Auckland and Wellington who are cashing up and moving here," he said.
