Magnitude’s regional focus
BT Financial Group’s Magnitude Financial Planning has continued its regional expansion with the opening of two new practices, located in Atherton, Queensland and Geraldton, Western Australia.
The Atherton-based practice is headed by former Westpac senior financial planner Don Sheppard who plans to work closely with businesses operating in the farm and produce sector, tourism and government support agencies.
The Geraldton-based business is the second Magnitude practice to open in Western Australia reflecting the demand for financial advice in this growing area.
The new practice, managed by local adviser Dan Crisp, will provide support to the mining sector, export and port industries of the booming local community.
Recommended for you
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
WIth only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
As the government announces a public inquiry into the collapse of Dixon Advisory, risk adviser Richard Silberman has detailed the three areas that typically lead to an AFSL's collapse.