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
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
