Australian Unity Personal Financial Services believes the number of advisers joining its network will continue to “grow strongly” in the coming years, after adding 14 new practices in the past 12 months.
Australian Unity chief executive Steve Davis says he believes the increase in the number of practices reflects the “environment Australian Unity has created for advisers”.
“Advisers tell us they are drawn to Australian Unity because of our relationship-based, full-service model offering and our Accountant Partnership Program,” said Mr Davis.
He explained he expects more advisers will join Australian Unity over the next few years.
“Although we expect to continue to grow strongly, the fact we have a high-touch, full-service model with a focus on helping our advisers grow their practice means we do not want to take on too many advisers,” he said.
“That is why over the last 12 months we have turned away a number of prospective advisers and also assisted some of our existing advisers and practices to find alternative licensee options,” he added.
Australian Unity currently has 77 planning practices, 122 advisers and 22 mortgage brokers operating in all mainland states and the ACT.
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