Australian Unity expands financial adviser base



Over the past six months, Australian Unity Personal Financial Services (PFS) has added 26 financial advisers to its business.
According to Australian Unity, its financial services arm now employs 96 advisers and 19 mortgage brokers operating in all mainland states and the ACT.
Australian Unity PFS general manager Steve Davis said advisers have been drawn to the company because of the full service model it offers.
This includes support services in the technical, asset allocation, risk insurance, para-planning, compliance, practice management and back office areas, he said.
"Our accountants partnership program is also very successful in referring accountants to our adviser," he said.
Davis said the partnership program currently has relationships with around 230 accounting firms.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.