Matrix recruits second practice in a month
A South Australian practice, Advantage One Financial Services, is the second practice to join Matrix Planning Solutions in the space of a month.
Matrix plans to continue with its recruitment process, heading towards its target of having around 120 advisers.
Adelaide-based Advantage One, which also has an office in Victoria, has more than 500 clients and $240 million in funds under advice, according to a Matrix statement.
Going forward Advantage One plans to focus on the impacts of intergenerational change and how best to service the next generation of clients.
The fee-for-service practice, which offers holistic financial planning services, also has a strategic accounting arm which, according to Matrix, gives it a key advantage over its competitors.
Advantage One has three principal advisers, Geoff O’Neil, Andrew Venning and Grant Hodgins. O’Neil held various positions in the financial services industry before establishing a private practice in financial planning.
Venning’s 36 years experience in financial services includes management roles covering superannuation and employee benefits, which allowed him to develop expertise in corporate superannuation, particularly risk insurance.
Hodgins industry experience ranges from the banking sector to the funds management sector in corporate superannuation administration.
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.
