Magnitude opens new Brisbane office
Magnitude Financial Planning is celebrating the opening of its new Brisbane office located at Spring Hill.
Magnitude Spring Hill will be operated by Terry Cave, Gregory Klumpp, Mark Milton and Adam Hinze, who have a combined experience of 64 years as financial planners bringing 800 clients and $180 million funds under advice to the practice.
This is the second Magnitude office in Brisbane and the company’s sixth premises across Australia.
BT Financial Group owns Magnitude, which provides established practices with the support services to assist their growth.
Magnitude Group chief executive Mark Spiers said this involved helping practices realise their performance potential.
“In essence, this framework supports the transition of established practices and takes them through a structured program to improve their operations and assist them grow their revenue,” he said.
“A core module relates to succession planning and the preparation of the practice for this event is begun early in our process.”
Recommended for you
Adviser losses this week are quadruple the same period a year ago, with the industry falling into negative territory for the last 12 months.
Colonial First State has announced the latest manager to join its Edge managed accounts menu, focusing on providing investors with a strategic income.
Rising advice fees has prompted Radar Results to increase its price guide to a minimum of $3,000 per client to reflect the changing shape of the adviser landscape.
Investment consultancy Ascalon Capital has appointed a new partner, who joins from 20 years at Zenith Investment Partners, as well as a new chief executive amid a “bold new chapter” for the firm.