More firms leave Genesys for Fortnum
Genesys Wealth Advisers has lost the former chair of its national advisory council, Andy Murdock, and his practice to Fortnum Financial Group.
Murdock is not the only member of Genesys’ adviser council to resign from the group in recent weeks. Another council member, who doesn’t wish to be named, has also taken his Queensland-based practice to the group headed by Ray Miles.
Sandy Dunshea, another advisory council member, has also left Genesys for Fortnum.
Another loss for Genesys is former Australian Test cricketer Murray Bennett, who will take his practice to Fortnum in October.
Fortnum now has six former Genesys practices under its banner, while a further six have resigned and will join Miles' group in the coming months.
Back at Genesys Rob Adams has been named Andy Murdock’s replacement as Chairman of the Genesys national advisory council, having been the Victoria and Tasmanian representative since December 2008.
Recommended for you
The Australian Financial Complaints Authority has reported an 18 per cent increase in investment and advice complaints received in the financial year 2025, rebounding from the previous year’s 26 per cent dip.
As reports flow in of investors lining up to buy gold at Sydney’s ABC Bullion store this week, two financial advisers have cautioned against succumbing to the hype as gold prices hit shaky ground.
After three weeks of struggling gains, this week has marked a return to strong growth for adviser numbers, in addition to three new licensees commencing.
ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice.

