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
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
Those large AFSLs are among the groups experiencing the most adviser growth, indicating they are ready to expand following a period of transition and stabilisation after the Hayne royal commission.
The industry can expect to see more partnerships in the retirement income space in the future, enabling firms to progress their innovation, according to a panel.
Vanguard has launched a suite of five model portfolios in partnership with Lonsec Investment Solutions to offer active-passive solutions for financial advisers.