Genesys signs practises from rivals

16 May 2005
| By Liam Egan |

Genesys Wealth Advisers has succeeded in luring two practises away from rival dealer groups in what the Challenger own planning business claims will be the first of many new signings.

The two practises, Global Financial Services Group and Neil Macdonald Insurance Services, are the first of “several new firms Genesys expects to welcome on board in coming weeks”, according to managing director Ray Miles.

He said the additions would “further strengthen Genesys’ aim of building a brand that is recognised by consumers and advisors alike as representing reliable wealth advice”.

Previously with the Godfrey Pembroke network, Global has 10 authorised representatives and principals, including Clive Herrald, Daniel Collins and Phillip Challands.

Neil Macdonald Insurance Services is a Brisbane-based firm specialising in risk and joins Genesys from Professional Investment Services.

The signings follow the launch last week of a marketing campaign aimed at raising consumer awareness and recognition of the Genesys Wealth Advisers brand.

The campaign began with the placement of billboards on major thoroughfares in Melbourne, Sydney, Brisbane, Adelaide and Perth.

Genesys has also announced that member firm, Four People, has purchased the clients of Queensland-based planning group Barbacan Benefits.

Barbacan principal Tony Beale will assist with the transition of Barbacan Benefits clients to Four People over the next 12 months.

Challenger owned dealer group Genesys Wealth Advisers has lured two practices away from rival financial planning businesses

has signed up Global Financial Services Group and Neil Macdonald Insurance Services to its network.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 2 days ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 3 days ago