Centric Wealth advisers move to non-aligned licensee
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.
Advisers warned on breaching section 55 of SIS Act
The rising occurrence of legal challenges surrounding SMSF death benefits is inc...
Tickr looking to expand to Sydney
A hub that helps advisers move away from the major banks to operate their own bu...
FASEA releases September exam results
The Financial Standards and Ethics Authority has announced the results of its se...