Hampel joins planners' camp
Financial planning group Hampel Financial & Insurance Services has joined the Associated Planners camp in South Australia.
Financial planning group Hampel Financial & Insurance Services has joined the Associated Planners camp in South Australia.
Director Richard Goode says he is "chuffed" by the move, which will see Hampel sever its ties with National Mutual.
"We approached Associated Planners. It was part of a decision to find out what was available because we were becoming a little uncomfort-able with where we were positioned in the market," he says.
Goode says Hampel wanted to move away from the purely risk management focus of National Mutual but stresses his group parted "on very good terms".
"One of the planks of our future growth will be in the provision of group market corporate services. We felt we were restricted in pursu-ing this market in our old environment and we feel that we'll be un-restricted in our new environment," he says.
Hampel was established 31 years ago by Ken Hampel. It now has six staff managing 4000 clients and has more than $70 million under ad-vice. Goode is co-owner and director with Scott Noell.
Associated Planners general manager Andrew Creaser says he is pleased with Hampel's decision to join the group, saying it will create added depth to SA operations.
Associated Planners, with more than 80 member groups, advises more than 25,000 clients.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.