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
Ahead of the 1 January 2026 education deadline for advisers, ASIC has issued its ‘final warning’ to the industry, reporting that more than 2,300 relevant providers could be on their way out.
As high-net-worth investors look to opportunities in alternatives, Praemium has revealed that advisers who can deliver on this demand tend to have deeper relationships with their clients as they are seeking more involvement in the investment process.
As adviser-client relationships stabilise, Investment Trends’ latest report said digital hybrid advice models are key to addressing the supply-demand gap in Australia.
A Koda Capital partner and executive team member, who joined the firm from almost a decade in advice roles at AMP, has departed the wealth manager.
