Financial Momentum joins Count Financial
Financial Momentum, previously licensed with Count Plus-owned Total Financial Solutions (TFS) and Nextplan, is the latest firm to join Count Financial’s national advice community.
Financial Momentum was based in Wangaratta, Victoria, with a second office in Sunbury, and had four advisers.
Count Financial said it had appointed 23 new firms since the start of 2021 as a part of its growth strategy.
Matthew Holmes, financial adviser at Financial Momentum, said the company had already existing relationships with former TFS firms.
“We have ongoing relationships with former TFS firms who joined Count Financial and many of them spoke about how great the transition had been for them,” Homes said.
“These relationships were instrumental in our decision to join, as we were looking for ways to increase efficiencies that these firms have been enjoying on the back of Count Financial’s strong technology focus.”
Andrew Kennedy, chief advice officer at Count Financial, said: “Given my background as the former CEO of TFS, I’m delighted to be working with Michael, Matt and the team once again.
“It’s pleasing to know that the investments we are making in simplifying and enhancing the advice delivery process are being recognised by our adviser community, which has played a big part in Financial Momentum choosing to re-join us.”
AUTHOR
Oksana Patron
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.
