Senior advisers join Fitzpatricks
Self-employment and the fee-for-service model persuaded two financial advisers to join Fitzpatricks Private Wealth in Brisbane.
The arrival of James Hand and John Rees has further bolstered the number of advisers now operating under the Fitzpatricks Australian Financial Services Licence (AFSL).
Hand said the opportunity to build a self-employed client advisory practice operating within a community of like-minded professionals was key to his decision.
"My decision to join Fitzpatricks after some 25 years operating in the wealth advice sector under different business models has shown me the benefits of aligned interest — both with the client and the philosophical ‘client centric' support of the overarching licensee," Hand said.
Rees was most recently a wealth adviser at Centric Wealth and has over 16 years in senior financial advisory and management roles in financial services.
"There were a number of factors that lead me to join the Fitzpatricks and if I have to narrow it down to a few it would be their fee-for-service model, adviser, and client support services and working with like-minded advisers," Rees said.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
