Matrix expands South Australian presence
Matrix Planning Solutions has reinforced its national growth strategy with the appointment of a new South Australian practice — Adelaide-based Frances Magill Financial Strategists.
Practice principal Frances Magill retired from the industry in 2009, after an extensive financial services career spanning more than 20 years, including leading superannuation fund, Statewide, which had more than 160,000 members and over $2 billion in assets under management.
However, after a considerable number of requests for her guidance, Magill returned to establish Frances Magill Financial Strategists. The business provides advice about superannuation, pre-retirement and retirement planning, personal and business life insurance, savings and investment plans and estate planning.
Magill has been awarded a Paul Harris Fellow, named 2000 Telstra South Australian Business Woman of the Year and was the SA Great Business Person of the year in 2006.
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.