Financial Planning Services Australia (FPSA) has doubled in size to 30 practices, 66 advisers and in excess of $750 million in funds under advice in just 18 months. Joining the licensee is Damien Palmer of Gainsworth Financial Advisory Services, Milsons Point, New South Wales, Russell Holland of Seachange Financial and Insurance Services, Coffs Harbour, NSW, and Joel Palmer of Palmer Portfolios, Paddington, Brisbane. FPSA supports business growth through back-end systems, business coaching and practice management advice. Queensland-based FPSA has operated as a dealer group for five years.
Financial planning group Cameron Walshe will operate under its own licence as a part of a refreshed brand strategy being implemented by Asteron. Newly-appointed Asteron head of advice network development Steve Browning will be responsible for the business nationally. "Cameron Walshe has a unique place in Australian financial services history as one of the first advice-based planning groups spawned in the industry," Browning said.
He expects to expand the group selectively, mainly in Victoria and Western Australia, to around 20 practices over the next couple of years. The business has two of its founders, John Cameron and Bernie Walshe, still working in the group.
