Guardian Advice launches practice equity model
Dealer group Guardian Advice and financial planning firm Capital Managers have entered into an equity partnership.
The partnership marks the launch of Guardian’s Practice Equity Model.
Under the model, Guardian will take an up to 40 per cent equity share in a financial planning firm to support the succession strategy of the firm through enabling the transition of remaining equity to other advisers.
Guardian plans to support its existing multi-adviser firm clients or those interested in joining its network for expertise and support in growth and succession strategies.
“Our equity partnership model will enable the successor to build their wealth and eventually take full ownership of an established practice,” Guardian Advice head Simon Harris said.
Recommended for you
Financial Services Minister, Stephen Jones, has assured the cost and time to enter the financial advice profession will soon be halved, as shadow treasurer Angus Taylor pledges to reach 30,000 advisers.
The positive results of the latest financial adviser exam have helped the advice profession reach 15,600 yet again, according to Wealth Data analysis.
Financial advice firms have told Adviser Ratings they are planning to increase their compliance spend by almost a third, including on enhancements to their cyber security which ASIC has identified as an enforcement priority.
The digital advice platform is officially launching into the financial advice sector, offering up its services to practices as a means of engaging with the next generation of clients.
