Former Guardian Advice practice joins Fortnum
Former Guardian Advice practice, Griffin Financial Services has joined non-institutionally owned dealer group, Fortnum Financial Advisers as authorised representatives after a detailed review of the market.
The move came after Suncorp Group closed its risk advice focused Guardian Advice and Suncorp Financial Planning businesses last year.
Principal of Sydney-based Griffin Financial Services, Scott Dawkins, said the firm chose Fortnum after a "very disruptive" period following Suncorp's decision to close its financial planning businesses.
"It was clear that we needed to join a profitable, independently-owned licensee with a broad approved product list and a firm commitment to advice for the long term," he said, adding that he was pleased with the autonomy given to advisers under the partnership within the limits of the professional advice framework.
"Fortnum is big enough to provide the services and support we need but small enough to be nimble, dynamic and adapt to change."
Fortnum managing director, Joel Taylor, said part of Fortnum's strategy was to recruit young advisers as well as mature advisers with established practices.
AUTHOR
Malavika Santhebennur
Recommended for you
The Federal Court has made interim travel restraint orders against two Falcon Capital directors, while also freezing one director’s assets.
For the 2025 financial year, all but one listed advice licensee has reported double-digit share price growth – but which licensee has seen the best performance and what activities have they enacted during the period?
Evidentia Group has confirmed its new executive leadership structure, having been formed from the merger between Evidentia and Lonsec Investment Solutions, to shape the future of managed accounts.
CC Capital, the last remaining player in the bid to acquire Insignia Financial, is still yet to finalise its offer, the firm has informed the market.
