Guardian Advice launches practice equity model
Dealer group Guardian Advice and financial planning firm Capital Managers have entered into an equity partnership.
The partnership marks the launch of Guardian’s Practice Equity Model.
Under the model, Guardian will take an up to 40 per cent equity share in a financial planning firm to support the succession strategy of the firm through enabling the transition of remaining equity to other advisers.
Guardian plans to support its existing multi-adviser firm clients or those interested in joining its network for expertise and support in growth and succession strategies.
“Our equity partnership model will enable the successor to build their wealth and eventually take full ownership of an established practice,” Guardian Advice head Simon Harris said.
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