Stantins Financial Services has moved under AMP’s licence to help drive growth in the business.
The Melbourne-based multidisciplinary financial services firm specialises in finance advice, estate planning, wealth management, accounting, business and lending advisory.
In particular, it provides advice for small-to-medium sized businesses, multigenerational companies, start-ups and scale-ups.
AMP Advice announced that Stantins has joined its Australian Financial Services Licence (AFSL).
According to Stantins founder and practice principal Spiros Livadaras, the move was underpinned by a desire to enhance the firm’s cross-selling capacity and create further advice opportunities to grow the business.
He explained: “We decided to align with a professional services partner who shares our broader vision, beyond the scope of financial planning alone.”
Moreover, the business was also seeking to operate independently while simultaneously receiving practice management support from a larger AFSL provider.
“In our commitment to continued growth, it was crucial to find a partner who not only understands the diverse financial needs of our clients, including lending solutions, but also supports our goals to enhance efficiency and effectiveness,” Livadaras added.
“With this partnership with AMP Advice, we will be able to offer innovative new financial solutions that better serve the evolving needs of our clients.”
Matt Lawler, AMP group executive for advice, said the announcement represents its focus on supporting high-quality advice firms throughout Australia.
“We take the opportunity of working with advice practices who see us as the right partner to help them achieve their goals very seriously – whether it’s growth, profitability or the ability to operate autonomously while continuing to benefit from the advantages of being part of a larger advice community, our team is here to add value,” Lawler said.
“Spiros has been helping both emerging businesses and individual Australian households with expert tailored financial advice and strategies around wealth creation for over 30 years.”
AMP recently announced that it will be selling its advice licensees and self-licensed offering Jigsaw for $10.2 million to Entireti, the parent company of Fortnum Private Wealth and Professional Financial Services.
The deal, which is due to be completed by the end of the calendar year, is set to make the combined Entireti-AMP entity Australia’s largest licensee with more than 1,300 advisers. Lawler will sit at the helm of the new business – currently called NewCo – as its inaugural CEO.
With this in mind, the advice executive continued: “Together with Entireti, we have the right scale and strength to deliver a high-quality professional service for practices like Stantins, helping them take advantage of the talent, expertise and experience offered by both organisations.
“We are excited to be partnering Spiros and his team at Stantins into the future and we look forward to supporting them in their business growth endeavours.”
