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Non-aligned dealer group launches law firm

Financial planning licensee Omniwealth has launched a legal services arm, describing the addition as the “final piece in the puzzle”.

Omniwealth Services – which has an AFSL for financial product advice as well as the relevant real estate and mortgage broking licences and an accounting practice – has hired commercial lawyer Stuart Austin to head up the new business.

“Starting a law firm is not easy, and we had to tick a lot of boxes, but we are up and running at full speed now,” said Omniwealth managing director Matthew Kidd.

“Being able to control all aspects of financial services, including estate planning, asset protection and property conveyance work meant we needed to have something in-house, so Omniwealth Legal was born,” he said.

Mr Austin has 20 years’ experience in the legal profession and, according to the Omniwealth website, brings a “commercial outlook to his practice”, understanding that the “role of a lawyer is to facilitate a deal, not stand in its way”.

“I was impressed with the level of service that Omniwealth provides to its clients, and its philosophy to provide financial, accounting and legal services to those clients under one roof,” Mr Austin said.

“This is an amazing opportunity to launch a new legal service to not only the Omniwealth client base but to all those who want commercially-focused legal advice.”