Senior advisers join Fitzpatricks
Self-employment and the fee-for-service model persuaded two financial advisers to join Fitzpatricks Private Wealth in Brisbane.
The arrival of James Hand and John Rees has further bolstered the number of advisers now operating under the Fitzpatricks Australian Financial Services Licence (AFSL).
Hand said the opportunity to build a self-employed client advisory practice operating within a community of like-minded professionals was key to his decision.
"My decision to join Fitzpatricks after some 25 years operating in the wealth advice sector under different business models has shown me the benefits of aligned interest — both with the client and the philosophical ‘client centric' support of the overarching licensee," Hand said.
Rees was most recently a wealth adviser at Centric Wealth and has over 16 years in senior financial advisory and management roles in financial services.
"There were a number of factors that lead me to join the Fitzpatricks and if I have to narrow it down to a few it would be their fee-for-service model, adviser, and client support services and working with like-minded advisers," Rees said.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
