Magnitude milestone
Mark Spiers
BT Financial Group’s Magnitude Financial Planning has passed a significant milestone with funds under advice now exceeding $2 billion.
The company announced achievement of the milestone at the same time as confirming its continued regional expansion with new practices scheduled to open in Atherton in North Queensland and Geraldton in Western Australia early next month.
Commenting on the milestone and the expansion, Magnitude chief executive Mark Spiers said the company’s ability to attract experienced financial advisers in the current tight labour market reflected the strength of its advice proposition.
“Since opening our first practice in February, 2006, we now have a network of 15 practices and over 30 advisers,” he said.
Spiers pointed out that in 2006 the company had also launched Magnitude Private Wealth and that this year it had launched Merit Wealth to provide financial advice solutions to accounting practices and their clients.
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