Super fund expands regional planning arm

Written by Staff Reporter Thursday, 06 June 2013

A public offer superannuation fund has expanded its financial planning presence into regional Victoria, establishing an office in the town of Bendigo with a full-time financial planner.

Equipsuper, which launched its financial planning arm in 2007, will launch its second office in the region following the previous office launch in Traralgon, both of which aim to service fund members seeking advice outside Melbourne.

Thirty-year financial planning veteran Michael Fitzpatrick, who previously ran his own practice, has been recruited to head up the office’s advice unit.

“We are seeing increasing demand for not only advice services, but also member education seminars across all the commercial sectors we cover, in particular the energy sector, which is extremely dynamic at the moment,” said Equipsuper executive officer, member relationships, Justin Sadler in a statement announcing the new office.

“Our members trust Equip and want advice from us. Many of them have been with us for much of their working life. It is important that, as far as possible, we make our financial planning services accessible to members throughout the state.”

Earlier this week, Equipsuper executive Geoff Brooks told ifa that industry and retail funds were increasingly under pressure from the rise of self-managed superannuation and that many funds struggle to compete with the close relationships forged between SMSF trustees and external financial advisers.

Add comment

Security code

Feature Video

Latest Blogs


The importance of coaching your team

Finn Kelly, Wealth Enhancers:   Every great sports figure has at least one coach. And a good business leader recognises the need for coaching in order to improve the performance...More >>

Connecting to clients

Carolyn Holmes-Hannaford, DFA Australia:   This is important as much of the technical language used by advisers can be distancing for lay people. Diversification and asset allocation are key concepts,...More >>

Putting first things first

Daniel Brammall, IFAAA:   US President Dwight Eisenhower said “what is important is seldom urgent and what is urgent is seldom important”.  How does this relate to financial planning? The financial...More >>

Latest Comments

  • Advice under threat from 'Google effect'

    The industry will go the way of the dinosaurs whether you think a warm and fuzzy relationship will work or not. The younger generations will not pay ...
    01 Aug 09:25  
  • Adviser reputation 'back to square one'

    You got it ,The corporations act has been there for a long time and fraudulant activities occured because the reqiurements of giving advice and making ...
    31 Jul 16:19  
  • Rogue MP was CBA adviser in past life

    Who is defending them? Seriously. No one defends this sort of person. No one! Do you think the other 360 advisers with Financial Wisdom are the same?
    31 Jul 13:54