Family affair as Fennings join Fortnum



Ex-Shadforth Financial Group chief executive, Tony Fenning, has been appointed as a non-executive director at Fortnum Financial Group, with his son, Matthew also joining the group.
Fortnum chairman, Ray Miles, said Fenning senior was a "very well regarded, highly intelligent and experienced" addition to the group's board, while the younger Fenning will bring 15 years' of experience to Fortnum's Fortuity Strategic Advisors, as a director and financial adviser.
Tony Fenning's appointment to the Fortnum board comes less than four months after he was named as a director of Class Super.
"Tony's insight and experience will have a great impact and help take Fortnum to the next stage in our journey," Miles said.
"We want to build a sustainable, long-term business for our advisers, clients and staff. We're focused on helping our principle practices grow and become more efficient as well as growing the dealer group because scale will allow us to continue driving down costs for clients."
Fortnum Private Wealth managing director Joel Taylor said Matthew Fenning epitomised the next generation of professional advisers who were rising up in the advice industry.
"Matt is a high quality, extremely capable adviser who's focused on the client and he's the perfect cultural fit for Fortnum," he said.
"Within the Fortnum network, there's a collaborative group of younger advisers who regularly meet to share ideas and experiences and Matt is now a key part of that group."
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.