GLOBAL - Global Wealth Allocation (GWA) is to restructure, moving part of its business to New York and setting up a presence in Australia for the first time.
GWA head of research Tony Sutton will relocate to Australia, where he will be responsible for business development and client servicing in the region.
GWA's partnership with FTSE in producing the FTSE GWA Index Series will continue, and Morris will remain in London with the support of a financial analyst, covering Europe and the Middle East.
Morris said: "GWA is within the wealth management division [of Wall Street Access] and so they are going to start leveraging their resources to promote and expand GWA.
"The timing is now because the message that we have been putting into the marketplace, that is market prices in the short term are very misleading, is prudent in the current situation.
"Their head of research Tom Burnett is going to work with one of their analysts Solomon Khan and they are going to get involved in bringing the operational aspects into the Wall Street Access infrastructure."
Morris said GWA, which had been in existence for 12 years, was the originator of wealth weighted investing but it now had a number of competitors, mostly in the US.
He said it was likely there would be further hires in the US in the future to promote GWA. He said: "Whereas we have been London-centric, now we are going to be truly global."
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