Twenty firms are now trading under Fortnum Financial Advisers, with an additional five signing on and resigning from their dealer groups, and an extra three committed to joining in the coming months.
"The two latest firms to begin operating under Fortnum include Paramount Wealth Management, our first Western Australia-based practice, and Sirius Wealth Management, which is based in Queensland," Fortnam executive director Ray Miles told InvestorDaily.
"This means we now have representation in New South Wales, Queensland, Victoria, South Australia and Western Australia for the first time."
He said the dealer group was particularly happy with the points of representation it had built across the country thus far, particularly as Fortnum only began hiring 12 months ago.
The five additional firms that had signed on, but had not yet begun operating under the dealer group, and the three firms committed to joining in due course were from a range of institutional and independent dealer groups or were previously self-licensed.
"We still plan to close our doors around the end of this month at least until the second half of this year in order to consolidate and ensure things are running smoothly across our current network of member firms before we expand the business further," Miles said.
