Hobart-based financial advice business Main Street Financial Solutions has moved from IOOF's Lonsdale licensee to join non-aligned dealer group Fitzpatricks Private Wealth.
Main Street Financial Solutions principals Charles Badenach and Rebecca Fergusson said they had wanted to join a new licensee that would still allow them to provide non-aligned and holistic financial advice to clients.
"[We] undertook a fairly extensive process in the search for an alternative dealer group," Ms Fergusson said.
"Both Charles and I have strong personal values and with our professional backgrounds in law and accounting respectively we wanted a licensee that was unaligned, transparent and encouraged working on a fee-for-service basis.
"Fitzpatricks met our non-negotiable requirements, plus added additional value," she said.
Fitzpatricks chief executive John Woodley welcomed Mr Badenach and Ms Fergusson to the dealer group.
"We are delighted that Main Street has chosen Fitzpatricks as their licensee of choice," Mr Woodley said.
"It is pleasing that high quality advisers of the calibre of Charles and Rebecca see value in the Fitzpatricks model and have joined our Group."
Mr Woodley added that the dealer group is currently being approached by a number of advisers looking to join the licensee.
The changeover from IOOF's Lonsdale dealer group to Fitzpatricks occurred on 1 July 2015.
SUBSCRIBE TO THE IFA DAILY BULLETIN
21 Feb 2018Cryptocurrencies a risk to advisers, warns S&PBy Staff Reporter
21 Feb 2018Westpac takes former advisers to courtBy Killian Plastow and Linda Santacruz
20 Feb 2018Directors enter EU for ‘misleading’ AFSL applicationBy Staff Reporter
20 Feb 2018Instos pay further $21m in compensation schemeBy Staff Reporter
20 Feb 2018Implemented Portfolios tops IMA satisfaction ratingsBy Staff Reporter
20 Feb 2018Fidante manager launches microcap fundBy Staff Reporter
- view all