Two Centric Wealth advisers have joined the Brisbane office of non-institutionally aligned dealer group Fitzpatricks Private Wealth.
James Hand and John Rees, formerly of Centric Wealth, have joined Fitzpatricks as senior financial planners in the dealer group's Brisbane office.
Commenting on his decision to move to Fitzpatricks Private Wealth, Mr Hand said the dealer group's interests aligned with that of his own.
"After some 25 years, operating in the wealth advice sector under different business models has shown me the benefits of aligned interest – both with the client and [with] the philosophical 'client centric' support of the overarching licensee," he said.
"Fitzpatricks offers me the best of both these worlds.
"The business offers a privately-owned self-employed structure with very high attention to the detailed needs of higher-net-worth clients and successful families. This in turn attracts the right 'type' of adviser with shared values and focus," Mr Hand said.
Meanwhile, Mr Rees said he was drawn in by the group's "fee-for-service model, adviser and client support services and working with like-minded advisers".
"I relish the opportunity to join a client-focused business with an industry leader. I was impressed with the advice-centred approach, professionalism and support of management to build a sustainable business knowing that the interest of my clients will always come first," he said.
Fitzpatricks chief executive John Woodley said the dealer group is "really pleased to be in a position to offer new pathways to advisers" such as Mr Hand and Mr Rees.
"Each has made a separate decision to seek a better operating model for themselves and their clients, so we are delighted to be their destination of choice in that regard," he said.
The regulator has banned a financial adviser for five years and cancelled his firm’s AFSL. The Australian Securities ...
The lack of visibility and consistent regulatory instability are stopping prospective talent from entering the advice ...
The introduction of Rhombus Advisory has caused a shift in the top advice licensees as Insignia separates its advice ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin