HUB24 sponsors pro bono financial advice network
HUB24 has joined the Pro Bono Financial Advice Network (PFAN) as a corporate partner to support its ongoing work to provide pro bono financial advice to Australians living with serious illness and/or disability.
HUB24 would support the growth of the network which aimed to recruit enough advisers to assist up to 200 customers per year, raising awareness over the value of advice and highlighting the importance of accessible advice. Advisers who joined the network would be asked to take on at least one pro bono case per year.
HUB24’s head of marketing and communications, Anne McDonnell, was also appointed as a director to the PFAN board.
“At HUB24 we believe in the value of advice and empowering advisers to enable them to deliver more advice to more Australians, so we are delighted to be working with PFAN to build awareness around the great work they do and to help them provide access to professional advice to more people who are facing challenging circumstances,” said McDonnell.
PFAN was established in 2014, working with many Australians with critical illness to provide them with access to professional financial advice and confidence in their financial future.
In 2016, PFAN partnered with MS Queensland to provide pro bono financial advice to people with MS who had identified financial advice as one of their most needed services, forming a partnership with MS Limited, who provide services to those located in Victoria, NSW, ACT and Tasmania.
According to PFAN chair, Nicola Beswick, the network had been privileged to be involved in people’s lives at a time when there is the opportunity to have the most impact.
“The participants in our network are so humble and yet as financial advisers we have the resources and knowledge to provide advice that potentially can touch every aspect of their financial future,” said Beswick.
“We are delighted HUB24 has joined as a corporate partner alongside our other partners, enabling us to grow and expand our network of advisers who can provide much needed advice.”
AUTHOR
Liam Cormican
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.
