Financial Planning Services Australia (FPSA) is continuing its expansion and expects to add three new practices before the end of this year.
"There will actually be three new practices in Victoria by the end of this month," FPSA chief executive Mark Ryan told InvestorDaily.
He could not say which practices would join because the transactions have not been finalised yet.
The additions will bring the total numbers of the dealer group to 32 practices and 54 advisers, Ryan said.
"We've had some success with our recruitment campaign. We've added about 13 practices over the last 14 months or so," he said.
Although the group continues to grow, it has also experienced some departures over the past months.
"We've had some good wins and we've had a little bit of losses," Ryan said.
"You win two coming in the front door and lose one going out the back door - it's an interesting time in financial planning," he said.
Of the practices that have left the firm, three received their own Australian financial services licence while several others were bought by other larger dealer groups.
