Browne & Co joins Securitor
Accounting firm Browne & Co is establishing a financial planning arm and joining the Securitor dealer network, it announced yesterday.
Phil Browne, principal of Browne & Co, said: “Having outsourced our financial planning for a number of years, we decided that providing the advice in-house and being part of Securitor would deliver a better client outcome”.
“Most of our clients have asked for financial advice at some point and we’ve had to refer them elsewhere,” Browne & Co’s Anna Donaghy told Money Management.
It was this that prompted the firm to offer the service in the form of financial planner Joel Xuerub.
Securitor’s business development consultant Euan Sneyd said it was not unusual for an accounting firm to join the Securitor dealer network.
“In the Sydney Metro area 85 per cent of our members are linked with an accounting practice,” he said.
Sneyd believes that accounting practices are well placed to offer financial advice because of the large numbers of people who see an accountant every year, many of whom need financial planning advice as well.
The process of bringing Brown & Co into the dealer network began a year ago, when it joined the Securitor ‘Business Talk’ program, Sneyd said.
He said the program works with businesses through a five-step program of establishing, growing, maximising, extending and also developing exit strategies.
Recommended for you
Retail investment into private credit funds could surpass that of sophisticated investors, according to ASIC, but the regulator admits it is unsure how and where these individuals are first being introduced to the vehicles.
With the high cost of advice keeping young Australians locked out of advice, a fintech provider has said digital advice is key for licensees to capture this unadvised demographic.
ASIC chair Joe Longo has announced he will step down at the end of his term, departing the corporate regulator in May 2026.
When it comes to the phase-out of AT1 bonds, Schroders fixed income manager Helen Mason has urged financial advisers to sell up sooner rather than later or risk capital losses.
