Garvan stable grows
MLC dealer group Garvan Financial Planning has picked up three new advice businesses, including one owned by the 2007 Money Management Financial Planner of the Year, Julian Battistella.
Battistella Financial Services, McNeany Financial Services and Vertex Group have each joined the Garvan network, with McNeany and Vertex leaving Professional Investment Services(PIS) to do so.
Commenting on the decision to depart PIS, McNeany principal Mark McNeany said “the resources of MLC’s business development side of things were a better fit for our business”, adding that the parting was amicable.
Vertex principal Chris Steiger expressed a similar sentiment, adding: “I am ready to take my business to the next level of growth and I believe MLC is the best licensee to support me in this process.”
Battistella Financial Services is a newly launched business with no previous licensee.
Recommended for you
Professional services group AZ NGA has made its first acquisition since announcing a $240 million strategic partnership with US manager Oaktree Capital Management in September.
As Insignia Financial looks to bolster its two financial advice businesses, Shadforth and Bridges, CEO Scott Hartley describes to Money Management how the firm will achieve these strategic growth plans.
Centrepoint Alliance says it is “just getting started” as it looks to drive growth via expanding all three streams of advisers within the business.
AFCA’s latest statistics have shed light on which of the major licensees recorded the most consumer complaints in the last financial year.
