Fortuity acquires Just Advice, cites expansion plans
Fortnum Private Wealth practice, Fortuity Strategic Advisers, is appointing a new financial planner following its acquisition of Just Advice Financial Services.
Financial planner, Samuel Fenning, would join his brother, Matthew Fenning, as a director of the practice with specialist skills working with business and medical professionals.
Commenting on the appointment of his brother, Matthew Fenning said the integrated businesses were in a strong position.
“We are grateful to the team at Fortnum who have given us the support and flexibility to execute on our growth strategies,” he said.
“I’m excited to have another talented adviser like Samuel on board to continue that legacy.”
Fortnum managing director, Joel Taylor said the appointment of Samuel Fenning was part of the firm’s agenda to attract young talent under the median age of financial advisers in Sydney.
While over 43 per cent of financial advisers were over the age of 50, Taylor said the average age within the Fortnum business was 41.
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.
