Fitzpatricks makes seventh partnership with Perth firm
Fitzpatricks Private Wealth has announced the addition of Perth-based financial advisers Stewart Symonds & Partners to its national partnership.
This is the seventh firm to join the partnership since July 2018 and brings the firm’s total to 61 financial practices.
Stewart Symonds & Partners was set up in 1993 with offices in Perth and Kalgoorlie.
Garry Symonds, partner and general manager, said the firm had been attracted to Fitzpatricks by the private ownership model and family office feel of the practice. He also felt it had the appropriate resources to grow the business successfully.
He said: “Fitzpatricks has been a true partner. Its underpinning values, ongoing support, direct availability and access to the leadership team has been essential to ensure a smooth transition.
“Fitzpatricks view the world the way we do - the client always comes first. We are not trying to sell clients a product, rather looking at getting them well organised financially over the long-term.”
AUTHOR
Laura Dew
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.
