First Financial chooses BT Select
BT Select has tucked another financial planning firm under its service delivery umbrella - Melbourne-based business First Financial.
First Financial, which is a 50/50 joint venture with major accounting firm Crowe Horwath, opted to go with BT Select following a competitive review of its business service.
Commenting on the move by First Financial, BT Select managing director Phil Butterworth said the move reflected BT Select’s ability to attract high quality clients.
First Financial managing director Chris White said his company’s selection of BT Select had reflected its capacity to transition practices along with its back-office efficiency.
“I have confidence that BT Select has the knowledge, experience and ability to help us transition efficiently,” White said. “Longer term, BT Select’s focus on growth aligns with our strategic plans.”
First Financial was formerly the financial services division of Crowe Horwath. It has 60 staff, including 17 financial planners, four lending and finance advisers, and a self-managed superannuation fund administration team. It has approximately $1.1 billion in funds under advice.
AUTHOR
Staff Writer
Recommended for you
It can be extremely hard to realise the gains from financial advice M&A, according to Peloton Partners’ Rob Jones, and more could be gained from firms looking inward at their own practice.
With platforms reporting their quarterly results, there is a clear divide in the adviser markets they are targeting, according to platform specialist Recep Peker, and which would be right for your clients.
The Federal Court has imposed a $10 million penalty on Macquarie Bank for failing to prevent and control unauthorised fee transactions by third parties including financial advisers.
A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.
