Genesys adds four practices
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.
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.