Hunter Financial agreement sets standard for Advice389 partnerships
Advice389's partnership agreement with Hunter Financial sets the standard for future partnerships between the Countplus subsidiary and advice firms, chief executive, Pierre Kraft believes.
Kraft said Advice389 had looked at a number of potential partners before entering into the agreement with Hunter, which sees it take a 40 per cent stake in the Newcastle-based firm.
"It really sets the started for future partnerships without financial advice firms," he said.
"Hunter has been growing very well organically, but is looking to step up to the next level, with help from Advice389.
"Our role is to facilitate that growth by investing in the business, while at the same time allowing Hunter to retain its branding and entrepreneurial control."
Hunter Financial chief executive, Brian Kennaugh, said the partnership will enable the firm to remain autonomous, while leveraging support from its partner.
"The support we receive from Advice389 will enable us to continue to act in the best interests of our clients by providing outstanding professional advice," he said.
"[And] our staff will benefit from many more opportunities as they pursue a career in financial advice."
AUTHOR
Nicholas O'Donoghue
Recommended for you
Equity offerings should be “seriously considered” by advice firms if they want to attract experienced advisers with the option viewed as a major differentiator for candidates seeking their next role.
DASH Technology Group has enacted two internal promotions, appointing a chief risk officer and chief commercial officer to strengthen the firm’s governance and operational capabilities.
The Stockbrokers and Investment Advisers Association has announced the appointment of its new chief executive following the exit of Judith Fox after six years.
Insignia Financial has appointed an experienced financial advice leader as head of education and advice on its Master Trust business, who joins from Ignition Advice,
