Wealth advisers Scholten Collins McKissock (SCM) and licensee Godfrey Pembroke announced this week that SCM will transition to its own Australian Financial Services License (AFSL) in partnership with Godfrey Pembroke.
Commenting on the move, Scholten Collins McKissock executive director ad practice principal, Matthew Scholten said obtaining its own AFSL represented the natural next step for the business.
“Scholten Collins McKissock Wealth Management has evolved over more than three decades into a diversified financial services business, and we are looking forward to the next step in the journey as we move to our own AFSL,” he said.
“Godfrey Pembroke and the broader MLC/NAB group are, and will remain, very important strategic business partners going forward. We have been delighted with their support and assistance,” he said.
Godfrey Pembroke general manager, Alan Logan said the licensee partnership model used by SCM had been developed collaboratively and aimed to facilitate wealth advisers becoming self-licensed while maintaining many of the benefits of an enduring and longstanding business relationship.
“We believe there is an opportunity to take a fresh look at this space and work closely with key businesses to shape an offer that helps them leverage resources in the most effective way so they can achieve their goals,” Logan said.