Former Guardian Advice practice joins Fortnum
Former Guardian Advice practice, Griffin Financial Services has joined non-institutionally owned dealer group, Fortnum Financial Advisers as authorised representatives after a detailed review of the market.
The move came after Suncorp Group closed its risk advice focused Guardian Advice and Suncorp Financial Planning businesses last year.
Principal of Sydney-based Griffin Financial Services, Scott Dawkins, said the firm chose Fortnum after a "very disruptive" period following Suncorp's decision to close its financial planning businesses.
"It was clear that we needed to join a profitable, independently-owned licensee with a broad approved product list and a firm commitment to advice for the long term," he said, adding that he was pleased with the autonomy given to advisers under the partnership within the limits of the professional advice framework.
"Fortnum is big enough to provide the services and support we need but small enough to be nimble, dynamic and adapt to change."
Fortnum managing director, Joel Taylor, said part of Fortnum's strategy was to recruit young advisers as well as mature advisers with established practices.
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.