A Sydney-based financial advice business has joined Netwealth's dealer group, Financial Planning Services Australia (FPSA).
Speaking to ifa, Netwealth head of advice group Simon Micallef confirmed the Sydney-based Definitive Wealth Management would now be licensed through its FPSA dealer group.
Prior to changing licences, Definitive Wealth Management was licensed through independently-owned licensee Lionsgate Financial Group.
Definitive Wealth Management director of financial planning Glenn Meilak told ifa the change came after a long search to find a more "hands on dealer group".
Mr Meilak also explained that with the expansion plans he has for the business, Netwealth's dealer group presents opportunities to achieve them.
"It is just a good fit," he said. "The main reason for the move is we have two parts of the business and [one of those] parts is helping young advisers become business owners."
The corporate regulator says it spends more on investigating the financial advice sector than other sectors because of ...
A surge of new entrants to the financial advice system is expected in the coming weeks following the latest exam results ...
Many Australians are surprised to find their existing investments don’t align with their personal values, according to ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin