Genesys Wealth Advisers has expanded it adviser numbers by 26 since May, adding four new practices to boost its adviser numbers to nearly 200.
The largest single practice to sign on with Genesys was Wealth Plus Solutions with 11 planners and two offices - one each in Perth and Adelaide, shifting over from its previous licensee Financial Wisdom.
Genesys Wealth Advisers managing director Paul Robertson said the practices were attracted by a support program offered by Genesys to help the practices grow.
“Genesys is committed to helping practices achieve their growth ambitions, and providing the resources and support required to help them build their business,” Robertson said.
Wealth Plus Solutions principal Robert Crane said his group realised the support program on offer was compelling and offered a strong value proposition for its advisers and clients.
“Finding a licensee that could support our growth needs was of upmost importance, and with financial advice at its heart we know the interests of our advisers and clients are well-represented with Genesys,” Crane said.
“Genesys’ offers will benefit from being supported by a group with the size, scale and resources of AMP.”
The three other groups to join Genesys since May are Melbourne-based practices Rancie McLean with four planners, Frontier Financial Group with four planners and Palmer Financial with one planner, collectively bringing nine planners to Genesys.
The other six planners practices were added from other licensees with 188 authorised representatives now operating under the Genesys licence.