Hunter Financial agreement sets standard for Advice389 partnerships
Advice389's partnership agreement with Hunter Financial sets the standard for future partnerships between the Countplus subsidiary and advice firms, chief executive, Pierre Kraft believes.
Kraft said Advice389 had looked at a number of potential partners before entering into the agreement with Hunter, which sees it take a 40 per cent stake in the Newcastle-based firm.
"It really sets the started for future partnerships without financial advice firms," he said.
"Hunter has been growing very well organically, but is looking to step up to the next level, with help from Advice389.
"Our role is to facilitate that growth by investing in the business, while at the same time allowing Hunter to retain its branding and entrepreneurial control."
Hunter Financial chief executive, Brian Kennaugh, said the partnership will enable the firm to remain autonomous, while leveraging support from its partner.
"The support we receive from Advice389 will enable us to continue to act in the best interests of our clients by providing outstanding professional advice," he said.
"[And] our staff will benefit from many more opportunities as they pursue a career in financial advice."
AUTHOR
Nicholas O'Donoghue
Recommended for you
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.
Recommendations by the FSC around implementing a practicing certificate framework for advisers would be burdensome and add little value for AFSLs, according to SIAA.
The RBA has made its latest interest rate decision at the the final monetary policy meeting of 2025.
AZ NGA has acquired Sydney-based advice and wealth management firm Financial Decisions, allowing its CEO to step back and focus on providing advice.
