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
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
