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
ASIC was active in the first quarter of 2025 with several financial adviser bannings and court action, while the FSCP also handed down outcomes to advisers.
With a joint venture announced between WT Financial and Merchant Wealth Partners, the firm may have a US background, but partner David Haintz has a long history with Australian financial advice.
The big four bank is set to see $40 million per annum in cost savings as it continues to migrate customers from its Asgard wealth platform to BT Panorama by FY26.
AMP North has added three new managers to its range of managed accounts for financial advisers and also extended its existing partnership with Betashares.
