Garrisons moves into Top End advice
Financial planning dealer groupGarrisonshas completed its march across Australia, with the recent addition of a financial planning practice in its final frontier, the Northern Territory.
The new Darwin based practice is headed by Northern Territory planner, Brendan Atkins, and aims to provide a “holistic” service to clients through affiliations with an accounting practice, legal firm, general insurance agent and finance broker.
The move into the Northern Territory has been prompted by the “promising” economic outlook for the area, according to Garrisons acting managing director Michael Farrell.
“Darwin’s population has seen substantial growth over the past decade and with major infrastructure projects set to be completed next year, including the Darwin to Adelaide train link and the gas pipeline, the Northern Territory economy is well-positioned for solid growth,” Farrell says.
The group expanded further into Queensland in December last year, establishing alliances with five financial services groups and appointing Carolyn Bindon as practice and development manager for Queensland and northern New South Wales.
Garrisons is now represented in every state and territory throughout Australia with 81 offices and 159 active proper authority holders.
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.