Premium Wealth Management, the Sydney-based financial planning group, has increased its dealer network to 21 with a recent acquisition. 

Pearman Financial Management, a New South Wales-based risk and investment management firm, adds a team of two principals and four staff servicing around 500 individuals and families in the North Shore area. The group was previously part of the AXA Network.

"Premium offered a far more flexible model than other dealer groups, one that allows us to manage our clients in a way that has worked for us for many years," said Glynn Pearman, principal advisor for Pearman Financial Management. 

Premium Wealth Management is actively recruiting advisory firms to join its stable, particularly those that want to maintain the autonomy and build their own business models. Since it began in 2000, the company has expanded its membership to 22 firms and $2 billion in funds under advice.