Insignia-licensed advice firm joins Count’s AFSL

19 December 2023
| By Jasmine Siljic |
image
image
expand image

A Sydney-based advisory business has switched from an Insignia-owned licensee to Count’s Australian financial services licence (AFSL).

Critique Private Clients is the latest firm to join Count’s AFSL network, bringing across a team of two financial advisers – Jason Abrahams and Robert Wolski.

The advisory firm was previously licensed by Consultum Financial Advisers, an Insignia Financial-owned licensee.

Critique was established in 2004, and offers strategic financial advice tailored to the client’s individual circumstances.

Abrahams, director and adviser at Critique, explained the licensee move was based on the support on offer from Count.

“We went through the evolution of advice within aligned channels and came to a point where we simply weren’t able to dedicate enough of our time to our clients’ needs – so that was a big motivation to join Count,” he said.

“More immediately though, and most striking to us, was the refreshing perspective and collaborative culture Count has, which we witnessed through many meetings with different members of the team. These interactions reminded us why we wanted to be advisers in the first place.”

Andrew Kennedy, chief advice officer at Count, welcomed the advice business to its AFSL network and highlighted their strong capabilities.

“Jason and Robert Wolski are outstanding advisers who bring a combined 50 years’ experience and deep strategic expertise to our network. More importantly, they are a strong cultural fit with our community, and we’re excited about working together to support their clients,” he commented.

The announcement follows one in October from Melbourne-based advisory business Vista Financial Group switching to Count’s licence.

Earlier that month, Tribel Advisory was the first practice to move from Affinia’s AFSL to Count’s licence after Count acquired the firm from TAL.

The acquisition saw around 100 advisers join its national community at the time, bringing the combined business to a total of 400 advisers and $17 billion in client funds under administration, representing 3,500 clients.

As of 14 December 2023, research firm Wealth Data revealed that Count sits in eighth place with 372 advisers in the top 10 advice licensees by number of advisers. 

AMP leapfrogged Insignia as the largest licensee with 871 advisers now, while Insignia has 785. This was due to Insignia’s sale of Millenium3 to WT Financial, which now sits in third place with 561 advisers.
 

Read more about:

AUTHOR

Add new comment

The content of this field is kept private and will not be shown publicly.
 

Recommended for you

 

MARKET INSIGHTS

sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 day 17 hours ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 day 18 hours ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

2 days 17 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 1 week ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

8 months 3 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 1 week ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND