Thursday June 16, 08:00 GMT
LONDON, 16 June 2011 - World-leading physical gold service BullionVault is aiming to broaden gold ownership amongst private investors by targeting the financial industry's distribution networks, reports the Financial Times FT Adviser supplement today.
BullionVault has pledged to bring lower-cost physical gold to IFAs and platforms after hiring a head of global business development to expand distribution.
"The firm has hired Steve Kowal to help BullionVault make physical gold ownership available through banks, adviser platforms, brokerages and other private wealth management channels," the respected trade journal says.
Formerly head of open architecture at Skandia Investment Group, "There is growing awareness among financial advisers and investors of the importance of having exposure to gold as an asset class," says Steve, "whether used as a diversifier, an inflation hedge or as portfolio insurance against the next potential financial crisis.
"Before BullionVault owning physical gold outright was costly, inefficient and even a bit scary for the average investor. [Its] proposition is one of the most investor friendly I have seen in my 20-plus years in the financial services industry, and I am looking forward to helping bring it to a wider audience."
To learn more about Steve Kowal, BullionVault's new head of global business development, read the FT Adviser feature here...