Garvan stable grows
MLC dealer group Garvan Financial Planning has picked up three new advice businesses, including one owned by the 2007 Money Management Financial Planner of the Year, Julian Battistella.
Battistella Financial Services, McNeany Financial Services and Vertex Group have each joined the Garvan network, with McNeany and Vertex leaving Professional Investment Services(PIS) to do so.
Commenting on the decision to depart PIS, McNeany principal Mark McNeany said “the resources of MLC’s business development side of things were a better fit for our business”, adding that the parting was amicable.
Vertex principal Chris Steiger expressed a similar sentiment, adding: “I am ready to take my business to the next level of growth and I believe MLC is the best licensee to support me in this process.”
Battistella Financial Services is a newly launched business with no previous licensee.
Recommended for you
AMP has agreed in principle to settle an advice and insurance class action that commenced in 2020 related to historic commission payment activity.
Financial advisers will have to pay around $10.4 million of the impending $47.3 million CSLR special levy but Treasury has expanded the remit to also include super fund trustees and other retail-facing sub-sectors.
While social media can have positive financial influence, the overwhelming risks signal a greater need for affordable advice as Australians continue to seek financial education on social media.
Fitzpatricks Advice Partners has released a guide on building a national advice firm with the argument that these firms are crucial to facilitating growth in the struggling profession.
