Advice platform joins forces with H&R Block
My Money Sorted (MMS) has announced a national partnership with tax preparer H&R Block to provide guidance on retirement planning, investment strategies and wealth management to over 700,000 new clients.
According to the firm, the combined expertise will allow Australians to access comprehensive financial advice and taxation planning conveniently and efficiently.
MMS said the tie-up will allow it to extend its reach and provide expert financial advice to a wider audience. The firm’s long-term goal is to help 5 million Australians to make better money moves via financial advice, coaching and guidance.
“Our original vision for MMS, which began two and a half years ago, was to empower as many Australians as possible with expert financial advice,” said Tom Haigh, chief executive of MMS.
“This partnership with H&R Block is a significant step towards fulfilling that vision. Together, we will be able to reach more individuals, help them navigate the complexities of financial planning, and ultimately secure their financial future.”
The partnership with H&R Block, which has almost 430 offices across Australia, began with a trial period between the two firms in late 2022 that saw MMS provide advice to over 2,000 Australians.
During this time, MMS observed the majority (over 90 per cent) of those clients who were seeking advice had a strong interest in better preparing for their retirement.
“This statistic underscores the immense value that MMS and H&R Block can collectively deliver to Australians, ensuring they are equipped with the knowledge and resources necessary to secure a prosperous future,” MMS stated.
The advice platform covers superannuation, financial planning, investments, mortgage, insurance and personal loans through aligned partnerships with advisers and product providers.
AUTHOR
Rhea Nath
Recommended for you
The director of Ascent Investment and Coaching, Michael Dunjey, has been charged with 33 criminal offences.
Adviser Ratings’ latest financial landscape report finds there is a demographic of advice practices achieving an average revenue of $5 million, with only 3 per cent of practices overall seeing a revenue decline.
The FAAA is calling for regulators to take a partnership approach with financial advisers regarding incoming legislation, rather than treating the industry as “guinea pigs”.
There have been strong numbers of returning advisers this year so far, according to Wealth Data, already surpassing the same period for 2024.
